Mumbai, Sep 15 (UNI) The Anil Ambani group Company Reliance Infrastructure has entered into the engineering, procurement and contract (EPC) business for steel makers and has tied up with a Chinese steel giant to execute projects in India.
The Company, in a release here, said it had signed an agreement with the Chinese steel giant China Metallurgical Group Corporation (MGC) to encash opportunities in the EPC business of the Indian steel industry, which is expected to witness the construction of Rs 70,000 crore in a year or so.
Reliance Infra targets to generate business of around Rs 15,000 crore by 2009.
The agreement would exploit local knowledge and project management expertise of Reliance Infra and MCC's knowledge and technical knowhow in the steel industry. MCC's participation would also ensure quality work at a competitive price, the release added.
Agreement covered construction of integrated steel plant for public sector undertakings, which can be extended to the private sector later.
Projects to be build up by PSUs in the near future include NMDC's integrated steel facility in Chhattisgarh with a capacity of 4-6 million tonnes per annum (mtpa) and SAIL's unit in Jharkhand with a capacity of 12 mtpa.
The broad scope covers mine development, blast furnace, coke plant, sinter plant, by-product plant, casting, finished product lines, power plant complex and civil and architectural works.
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