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Sail rises on new project plans

Sail has closed at Rs 187, higher by nearly a Re or 0.5%, on the BSE. - Jharkhand govt gives major ore lease to SAIL - NMDC-SAIL join hands for Himachal project - Jharkhand agrees to renew Chiria leases to SAIL - Sensex gains 189 points, led by Maruti Suzuki, SAIL - Cab Secy asks ministries not to interfere in CPSEs - SAIL-NMDC to invest Rs 260cr in Arki limestone mine _____________________________________________________ (updated at 1050 am) Sail is quoting at Rs 189, higher by Rs 2.6 or 1.4%, on the BSE. The Jharkhand government has agreed to renew Sail"s Buddhaburu lease — part of the Chiria iron ore belt — having reserves of 810 million tonnes. Chiria is Asia’s largest iron ore belt, with two billion tonnes of reserves. Moreover, a memorandum of understanding was signed between the state-owned mining company NMDC and Steel Authority of India (SAIL) to jointly develop a limestone project at Arki in Himachal Pradesh with a three-million tonne per annum capacity.

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