Reliance Infra to set up Rs.400 bn steel plant in Jharkhand

September 15th, 2008 - 11:37 pm ICT by IANS  

Ranchi, Sep 15 (IANS) Reliance-Anil Dhirubhai Ambani Group (R-ADAG) has proposed to invest Rs.400 billion in Jharkhand to set up a 12-million-tonne per annum greenfield steel plant, it was announced here Monday.”R-ADAG has moved a proposal to set up 12-million-tonne steel plant in the state with an investment of Rs.400 billion,” state Industries Sectary K.K. Khandelwal said.

“The proposal has been sent to (state-owned consultancy firm) Mecon Ltd for further study,” he added.

The Jharkhand government and Reliance Infrastructure, part of R-ADAG, will sign a memorandum of understanding once the proposal is cleared, the official said.

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