Creation of basic infrastructure for four mega steel plants, estimated to cost $40 billion, has been put on the fast track with SAIL and RINL being assigned the job along with the existing nodal agency NMDC. NMDC was earlier given the task of putting in place basic infrastructure, including land acquisition for the plants, each with 10 million tonne to 12 million tonne capacity, in Chhattisgarh, Jharkhand, Karnataka and Odisha. With the slow progress in readying the necessary and basic infrastructure including land acquisition, the government has decided to devise the job to SAIL and RINL as well.
As per the proposed plan, SAIL, RINL and NMDC would tie up with State industrial development corporations for forming SPVs that would create the infrastructure for such ultra mega steel plants.
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