Jindal Stainless Ltd is planning to build a 400-metric tonne steel mill to manufacture stainless steel sheets at an investment of $60-million in Leningrad, reports Itar-Tass.

According to Grigory Davs, deputy governor, Leningrad region, the Jindal Stainless project fitted into the investment policy in the region where.

Ford, Toyota and other automakers have either already located or are in the process of building automotive plants in the region.

Davs also indicated that a plot for the proposed steel mill would be made available by next week.