VERIFIEDET Finance·29 Jul 2026neutral

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

AI Summary

·SAIL and Krakatau Steel will invest $350 million in a new stainless steel slab plant in Indonesia.
·The plant will have a capacity of 500,000 tons and is expected to be operational in three to four years.
·SAIL will use the entire output for its Salem plant, primarily supplying Indian customers.