NEW DELHI: The country's largest steel maker SAIL has sought help from government think-tank NITI Aayog to resolve differences with ArcelorMittal over setting up of about Rs 5,000-crore autograde steel plant. "SAIL has written to NITI Aayog to find a solution," an official privy to the development said.There were differences between the two companies on certain points under the Memorandum of Understanding, so it was decided to extend it for another three months from the deadline of May 31, 2017, the official said. "After the expiry of MoU, both the companies have extended the pact to conclude the deal," the official added.SAIL could not be reached for comments. "Now, they (both companies) are thinking of resolving the issue under the guidance of steel ministry and NITI Aayog has also stepped in," the official added.A query sent to ArcelorMittal also went unanswered. "Earlier, ArcelorMittal was hell bent on its terms and conditions.

Source: Economic Times June 25, 2017 09:00 UTC