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TMI BlogJoint Venture Projects of SailX X X X Extracts X X X X X X X X Extracts X X X X ..... Joint Venture Projects of Sail X X X X Extracts X X X X X X X X Extracts X X X X ..... vernment of India, SAIL and NMDC Ltd. with Chhattisgarh State Government. However, formation of joint venture industries is a commercial decision and new joint ventures industries are started by Steel Authority of India Limited (SAIL) with the approval of its Board in accordance with Department of Public Enterprises (DPE) guidelines in this regard after conducting due diligence and establishing t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he technical and financial viability of the project. SAIL is not unilaterally withdrawing from any MoU which it has signed. MoUs are record of broad understanding between the parties for a joint association and may fructify into specific agreements as and when agreed to by the parties. An MoU was signed between SAIL, Kerala State Industrial Development Corporation Limited (KSIDC) and Kerala Min ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erals and Metals Limited (KMML) in 2013 for jointly exploring possibilities of setting up a Titanium Sponge and Metal Complex at Chavara, Kollam in Kerala.
The Minister of State in the Ministry of Steel and Mines Shri Vishnu Deo Sai provided this information in reply to a question in Lok Sabha today. X X X X Extracts X X X X X X X X Extracts X X X X
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