Questioned about the status of Swiss major IMR Metallurgical Resources-AGs proposal to establish a 10- million-tonne capacity steel plant with an investment of Rs 12,000 crore, the Industry Minister said it was only a proposal.
Andhra Pradesh government seeking new partner for steel plant
They haven't yet come to the negotiating table. They came up with a proposal but not followed it up with a proper Detailed Project Report. Some South African company had also come. These all are proposals, initial discussions but nothing serious, Goutham Reddy said.
Source: Press Trust of India