SAIL, Oman Oil to set up Rs 15,000 cr steel plant

"SAIL has signed a Memorandum of Understanding with Oman Oil Company to set up a 3 mtpa steel plant," Steel Minister Beni Prasad Verma told reporters here.

SAIL Chairman CS Verma said the final agreement with Oman Oil is likely to be signed within the next six months, after which, it will take 2.5-3 years for the plant to be operational.

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