August 28, 2012: The Steel Authority of India Ltd (SAIL) is reviewing the proposal to set up a Steel Processing Unit (SPU) at Manhar in Vaishali District of Bihar since the project has been found to be financially unviable, an official said.
The land identified for Manhar SPU has been found to be low lying and thus significant land filling is required, the official said, adding, "as a result of which the project is financially unviable and is under review."
SAIL had laid the foundation stone for setting up of the SPU at three locations in Bihar at Bettiah in West Champaran District, in November 2007, and at Gaya and Manhar in December 2008.
The company has already set up the SPU at Bettiah and has acquired land for the remaining two locations. However, in case of SPU at Gaya, the permission for change of land use is awaited from the state government.
As far as the Bettiah unit is concerned, the company has completed integrated trials of pipe plant and corrugation unit and has already received orders from Central Marketing Organization (CMO) for production of pipes, the official said.
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