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Article: Land and coal linkage may delay Shyam Steel Rs 340 cr unit.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- June 7, 2009
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Land and coal linkage may delay Shyam Steel Rs 340 cr unit
Kolkata, June 7 (PTI) The proposed 11 lakh tonne integrated steel plant at Purulia by Shyam Steel Ltd is likely to be delayed because of land allocation and coal linkage problems.
"We will go ahead with the project despite slowdown in the steel sector, but the land and coal linkage issues could delay the project," Shyam Steel director Lalit Beriwala told PTI.
"Financial closure is not possible as our lead banker, State Bank of India, is asking for land allocation and raw material linkages. We have had been assured coal the from West Bengal Mineral Development Corporation, but no coal ...