Tatas and Jindals join Govt. for mining bid in Afghanistan

Tata Steel, JSW and JSPL get together with state-owned undertakings SAIL to jointly bid for iron ore blocks in Afghanistan’s Hajigak mines. This is for the first time, two giant private sector groups, the Tatas and Jindals, have joined hands. Tata Steel, Sajjan Jindal’s JSW and Navin Jindal’s JSPL have picked up 16 per cent stake each in the joint venture. SAIL leads the pack with 18 per cent; the other two PSUs RINL and NMDC hold 17 per cent each. Earlier SAIL has expressed interest for setting-up a steel plant in Afghanistan if it provides infrastructural support and raw material sources.

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