A consortium of Indian state-run and private companies led by Steel Authority of India has decided to invest in a series of infrastructure projects in Afghanistan.
The Hajigak project involves building Afghanistan’s first steel plant, an 800-megawatt power plant and facilities for ore extraction and processing. It also includes proposals to invest US$1 billion for a railway to export the ore and for the construction of other ancillary infrastructure. India is exploring a rail line from Hajigak to the Iranian port of Chabahar.
State-owned Rashtriya Ispat Nigam and private-sector companies JSW Steel, Jindal Steel & Power, Monnet Ispat and JSW Ispat Steel are among the members of the consortium.
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