SAIL to set up steel plant in Indonesia

Jakarta: Steel Authority of India (SAIL) will set up a 3-million tonne per annum (MPTA) plant in Central Kalimantan province, Indonesia, with a likely investment of up to Rs 15,000 crore.

It will also set up a mineral processing facility.

The time line for the plant will be decided soon, the source added.


SAIL had already inked a pact with the Indonesian government on January 25 for setting up a steel plant and a mineral processing unit, besides the development of mineral deposits in Indonesia's Central Kalimantan province.

The MoU envisages setting up a steel plant and a mineral processing facility by the optimisation of Central Kalimantan's large natural resources such as coking and thermal coal, iron ore and other minerals.