A consortium of Indian steel and mining firms led by the Steel Authority of India Limited (SAIL) has bid for four blocks of mines in Afghanistan, SAIL said in a statement on Tuesday, proposing to set up a steel plant in the country.
The Hajigak mines, which are estimated to have a reserve of 1.8 billion tonnes of magnetite with 62-63% iron content, have attracted five other bids targeting various numbers of blocks, the statement said. The announcement of preferred and reserved bidders is expected around Oct. 4, the statement added.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
