SAIL -12 billion investment

Steel Authority of India (SAIL) plans to put up four 3-mtpa manufacturing facilities, one each in Indonesia, Mongolia, South Africa and Oman with a cumulative investment of $12 billion. They have already signed the Memorandum of Understanding with the Indonesian government and are in constant dialogue with the governments in Mongolia, South Africa and Oman for setting up the 3-mtpa steel plant. The proposed investments are likely to be financed in a 80:20 debt-equity ratio and the state-owned firm might rope in strategic investor to part-finance the equity part.