 "SAIL")
Steel Authority of India (SAIL) is hoping to soon conclude a joint venture (JV) agreement with ArcelorMittal, the Luxembourg-headquartered multinational entity.
"A joint task force is working on it and I am hopeful it will be soon," said P K Singh, chairman of the government-owned entity.
In 2015, SAIL had signed a memorandum with ArcelorMittal for setting up an automotive steel manufacturing facility, as a JV in in India. The investment indication was about Rs 5,000 crore.
The feasibility study was supposed to take around two years. Some commercial terms, especially the revenue share formula, is said to have kept the project from
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