SAIL seeks global bids for iron ore plant

India's Steel Authority of India Ltd (SAIL) is seeking bids from global companies to construct a 12.5 million-tonne-per-year iron-ore beneficiation plant on a turnkey basis at its Gua mines in the state of Jharkhand. The plant is part of the company''s plan to double the iron-ore production capacity of Gua to 10 million tonnes per year. The company is also close to finalising a collaboration agreement within the next two months with POSCO to construct a 12 million-tonne Greenfield steel plant at Bokaro.Black Friday 19