SAIL sets up converter unit in MP.

SAIL has set up its first joint venture conversion unit at Billowa in Madhya Pradesh at an combined investment of Rs. 60 crore. In a joint venture, the majority partner Prime Gold holds 74 per and SAIL has 26 per cent. The unit will convert 60,000 tonnes of billets supplied by SAIL into one lakh tonnes TMT bar and rods. SAIL would also lift the products at a fixed rate of conversion charge for domestic marketing. Inaugurating the plant, Steel Minister Narendra Singh Tomar said that it would create job opportunities for the locals.



HBL