September 20, 2010 1:27 PM

printer

Govt not opposed to Posco getting majority stake in JV with SAIL

The government on Monday said it is not opposed to Posco getting a majority stake in the proposed 12,000-crore rupees joint venture between the South Korean giant and state-run SAIL. Speaking to reporters on the sidelines of a summit in New Delhi, Steel Minister Virbhadra Singh said the agreement between the companies is expected in the next two to three months. SAIL and Posco are in discussions to set up a 1.5 million tonne integrated plant in Bokaro to produce high grade steel from low-grade iron ore and non-coking coal.

Most Read
View All arrow-right

No posts found.