CLIENT WATCH

Steel Authority of India

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  • SECTOR:

  • Steel

RSG COMMENT

  • The company agreed in February 2011 to work with Afripalm Resources to construct a 21Bn rand ($2.95Bn) plant in South Africa to rival ArcelorMittal's South African operations. The Indian Government has also announced plans to sell shares in the Steel Authority of India between 2011 and 2012 as part of its Rs400Bn disinvestment plan.