SAIL appoints aXYKno Capital as its Advisor for fast-tracking its raw material security

SAIL appoints aXYKno Capital as its Advisor for fast-tracking its raw material security
SAIL, a Maharatna PSU, has invited International Competitive Bids for selection of Mine Developer Cum Operator(MDO) for development of its 511 Million Tonnes iron ore deposit, Rowghat, which is the lifeline for the Bhilai Steel Plant.  a'XYKno Capital Services Limited, a leading sector focused advisory company  has been advising SAIL on its critical raw material security, the goal is to  make the process world class and bring best players to the table and also to reduce the risk arising out of raw material security, and increase the profitability. Earlier the bids of Coking Coal asset – Tasra found good interest from the bidders, and the project is under development stage. Chiria Deposit, which is the largest iron ore deposit  in Asia containing around 1700 Million Tonnes  and would also hit the market soon for identifying a competent Mine Developer cum Operator through an international competitive bidding  process.