ArcelorMittal-SAIL JV to get operational by end-year

ArcelorMittal-SAIL JV
The much-awaited joint venture (JV) between steel giant ArcelorMittal and state-run SAIL will be operational by December this year, Steel Minister Chaudhary Birendra Singh said on Thursday.
“A MoU was signed earlier, but there were some issues related to production, etc, which will be sorted in a month or so. It should be operational by the year-end,” Singh told reporters in New Delhi.
The Minister said the JV plant by the world’s largest steel maker and Indias biggest steel producer will also focus on producing specialised grade steel products for defence, space and automobiles.

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