<p>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.<br /></p>.<p>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.<br /><br />The facility will produce high quality HR coils, including high strength API grades, auto body grades and other special steels, the source added.<br /><br />Last week, Steel Secretary Rakesh Singh said that under SAIL’s modernisation and expansion programme (MEP), various projects have been initiated, including this unit.</p>
<p>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.<br /></p>.<p>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.<br /><br />The facility will produce high quality HR coils, including high strength API grades, auto body grades and other special steels, the source added.<br /><br />Last week, Steel Secretary Rakesh Singh said that under SAIL’s modernisation and expansion programme (MEP), various projects have been initiated, including this unit.</p>