Steel Authority of India would spend INR 35,000 crore to set up plants for steel, power and urea at Sindri in Dhanbad.

Mr CS Verma chairman of SAIL told reporters that "The money will be invested in setting up of steel plant, power plant and urea plant in Sindri.”

He said that SAIL has 6000 acre land at Sindri where these plants would come up in the next four years.

Mr Verma said that over 20,000 people would benefit from direct and indirect employment after the plants come up.

A total of INR 25,000 crore would be spent on a new 5.6 million tonne steel plant while a 1000 MW power plant and 1.1 tonne urea plant would each cost INR 5000 crore,.

Source - Economic Times

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