Thursday, 13 Oct 2011
Reuters reported that Steel Authority of India Ltd is likely to sign an joint venture agreement with South Korean steel major POSCO for setting up a factory in eastern India.
Mr Beni Prasad Verma Indian steel minister told reporters “We are hopeful of signing the agreement in November. I will be going to Korea next month.”
SAIL and POSCO are looking to set up a 3 million tonnes steel plant in the eastern city of Bokaro with an investment of INR 160 billion (USD 3.2 billion).
(Sourced from Reuters)
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment