Gulf Ispat Ltd is to set up an integrated steel mill costing INR 35bn (US$589M) in the Jabalpur district of Madhya Pradesh, India.

Government MP, chief minister Shivraj Singh Choujan, is keen to point out that investment and investors are welcome in the state, and that procedures have been put in place to try to ensure that investors coming to the state do not encounter any problems. BLA Power has already set up a 135MW thermal power plant in the region, a project which cost INR 4.40bn (US$740M)