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  • SAIL favours mega merger of steel PSUs to face fierce competition in fture

    Steel Authority of India Ltd (SAIL), for the first time, has favoured the proposed mega merger of steel-related public sector units, including the Vishakapatnam-based Rashtriya Ispat Nigam Ltd (RINL).

    Addressing a press conference on Wednesday, Mr V. S. Jain, Chairman of SAIL, said the emerging steel market in India could witness fierce competition among all the steel producers.

    In this context, he said that public sector steel companies should avoid competing among themselves, instead, they should be merged and a single entity should be created.

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