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SAIL and PT Krakatau Steel Stainless Steel Slab Project

Sector: Manufacturing (Industrial) • Location: Indonesia

Source: Business Standard

Project
Planned

SAIL and Indonesia-based PT Krakatau Steel have signed an MoU to set up a joint venture to explore a stainless steel slab manufacturing project in Indonesia with a capacity of 0.5 to 1 million tonnes. The project aims to leverage Indonesia's abundant nickel reserves to produce stainless steel slabs, which will be supplied to SAIL's Salem Steel Plant in Andhra Pradesh, India. The project details in

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The project “SAIL and PT Krakatau Steel Stainless Steel Slab Project” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Indonesia. Taiyo aggregates data on it from Business Standard.

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planned

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Description

Description

SAIL and Indonesia-based PT Krakatau Steel have signed an MoU to set up a joint venture to explore a stainless steel slab manufacturing project in Indonesia with a capacity of 0.5 to 1 million tonnes. The project aims to leverage Indonesia's abundant nickel reserves to produce stainless steel slabs, which will be supplied to SAIL's Salem Steel Plant in Andhra Pradesh, India. The project details including capacity, investment structure, implementation schedule, and technology configuration will be finalized after feasibility studies and necessary approvals.

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