"The money will be invested in setting up of steel plant, power plant and urea plant in Sindri," Steel Authority of India Chairman C S Verma told reporters here.
SAIL has 6000 acre land at Sindri where these plants would come up in the next four years, he said.
A total of Rs 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 Rs 5000 crore, Verma said.
Over 20,000 people would benefit from direct and indirect employment after the plants come up, he said.