Domestic steel giant SAIL is investing over Rs 2,600 crore for installing a three million tonnes per annum facility for hot rolled (HR) coils at its Rourkela plant to make auto-grade and special steel products.
The Maharatna firm has awarded the contract for setting up this hot strip mill to a consortium led by Mitsubishi and Larsen & Toubro, a source said.
The facility will produce high quality HR coils, including high strength API grades, auto body grades and other special steels, the source added.
Last week, Steel Secretary Rakesh Singh said that under SAIL’s modernisation and expansion programme (MEP), various projects have been initiated, including this unit.
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