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The Economic Times
The Economic Times

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

NEW DELHI: India's state-run Steel Authority of India and Indonesia's Krakatau ​Steel plan to invest as much ​as $350 million in a stainless steel slab plant in Indonesia, two ​Indian sources familiar with the matter said this week.

The plant will have an annual capacity of 500,000 metric tons and is expected to be operational within the next three to four years, the sources said.

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