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The Economic Times

Economy / The Economic Times

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SAIL, Krakatau Steel plan $350 million investment in stainless steel plant

India's Steel Authority of India and Indonesia's Krakatau Steel will invest $350 million. A new stainless steel slab plant in Indonesia will have 500,000 tons capacity. This plant is expected to become operational within three to four years. SAIL will consume the entire output for its Salem plant in India. Finished products will primarily supply Indian customers and some exports.

29 Jul 2026 10:34 am