VOL. XLI
No. 30
27-July-1998
BAHRAIN
Indian Group's Sponge Iron Plant In Bahrain Delayed
Plans for the construction of a $290mn sponge iron plant in Bahrain by a joint venturecomprising Bahrain Ipsat Ltd. (80%), a subsidiary of the Indian steelmaking group Ipsat,and Japan's Mitsui (20%) have been delayed after a proposed $210mn loan facility for theproject was rejected by local banks (MEES, 13 October 1997). According to astatement by Ipsat's Finance Manager on 23 July, the future of the...
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