After oil from Barmer put Rajasthan on the global map, it is the turn of iron ore to make the state richer. India's largest steel producing company, Steel Authority of India has discovered iron ore deposit in Bhilwara district. The company is conducting a feasibility study to extract iron ore.
Mr SK Roongta chairman of SAIL said that iron deposit was discovered in Bhilwara district. However, it is too early to say anything as we have to study the size of deposit and find out whether it would be sufficient for commercial exploitation. All depends on further evaluation of deposit and its commercial viability.
Mr Roongta at a felicitation function organised by the Rajasthan Chamber of Commerce and Industry said that steel sector has seen its ups and downs in the last two years. After a peak rise in demand and prices, the steel prices fell steadily following the global meltdown. However, it seems to have stabilised now.
(Sourced from http://www.steelguru.com/news/index/2009/09/08/MTEwNjcy/SAIL_discovers_iron_ore_deposit_in_Bhilwara.html)
Monday, September 7, 2009
SAIL discovers iron ore deposit in Bhilwara
0 comments:
Post a Comment