VOL. XXXVIII
NO. 47
21-AUGUST-1995
Bahrain
Indian Firm ToSet Up Sponge Iran Plant In Bahrain
The BahrainMinister of Oil and Industry, Shaikh 'Isa ibn 'Ali Al Khalifah, and the Chairmanof the Indian Ipsat Group have signed an agreement under which the Indian firmwill set up a $250mn-300mn sponge iron plant at al-Hidd in Bahrain. The plant,which will have a production capacity of 1.2mn tons/year of sponge iron, will bewholly owned by Nippon Denro Ipsat, a subsidiary of the Ipsat Group. Accordingto a...
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