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Press Information Bureau
Government of India
Ministry of Steel
30-August-2012 17:11 IST
Joint Venture under the Private and Public Sector Collaboration by Sail
The Minister of Steel, Shri Beni Prasad Verma has said that the Steel Authority of India Limited (SAIL) led consortium of seven Indian steel and mining companies namely Rashtriya Ispat Nigam Limited (RINL), NMDC Ltd., Jindal Steel and Power Limited (JSPL), JSW Steel Ltd., JSW Ispat steel Ltd. & Monnet Ispat & Energy Ltd. has been declared as preferred bidder for the iron ore blocks B, C and D of the Hajigak iron ore deposit, Afghanistan. The consortium is presently engaged in negotiations to finalise the Hajigak mining contract with Ministry of Mines, Government of Afghanistan. Any project related activity can be taken up only after the signing of the contract.

In a written reply in the Rajya Sabha today Shri Verma said, the consortium members are presently finalizing Joint Venture Agreement for incorporation of joint venture company to manage and execute the project.

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NSK/DB