FG seals deal to revive Delta Steel after decade-long shutdown

FG seals deal to revive Delta Steel after decade-long shutdown

The Federal Government has sealed a deal to revive the Delta Steel Company, with owners committing $1.3bn to rehabilitate the plant and create 25,000 jobs. Read More: https://punchng.com/fg-seals-deal-to-revive-delta-steel-after-decade-long-shutdown/

Federal Government Signs $1.3bn Delta Steel Plant Deal, Eyes 20,000 Jobs

The federal government has signed an agreement with Premium Steel and Mines Limited (PSML) to revive the former Delta Steel Company in Ovwian-Aladja, Delta State, in a project expected to attract more than $1.3 billion in investment and create over 20,000 jobs. The deal is expected to facilitate the rehabilitation and modernisation of the steel plant, restore integrated steel production and strengthen Nigeria’s domestic steel value chain. Accord…

BrandEconomy » BUSINESS » FG Backs PSML $1.3bn Delta Steel Company Deal, Targets 25,000 Jobs and Lower Import Dependence

Nigeria has backed a $1.3 billion plan to restore Delta Steel’s one-million-tonne capacity. But sustainable ore, dependable power, functioning rail infrastructure and disciplined execution will determine whether the agreement produces steel or merely another industrial promise.

PSML Commits $1.3bn to Revive Moribund Delta Steel Company

By Adedapo Adesanya The federal government has signed an agreement with Premium Steel and Mines Limited (PSML) to revive the moribund Delta Steel Company in Ovwian-Aladja, Delta State. The agreement, signed this week, is expected to pave the way for the rehabilitation and full reactivation of the integrated steel plant, which has remained largely inactive […]

FG, PSML Sign $1.3bn Deal To Revive Delta Steel Coy

FG, PSML sign $1.3bn deal to revive Delta steel coy By Halima Muhammad The Federal Government has signed a sub-lease agreement for the restoration and full operationalisation of the Delta Steel Company now known as Premium Steel and Mines Limited (PSML), Ovwian-Aladja, Delta. The News Agency of Nigeria (NAN) reports that the agreement was between the National Iron Ore Mining News Agency of Nigeria