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SAIL to sign steel plant pact with Posco in Nov

13 Oct 2011 Evaluate
State-run Steel Authority of India Ltd (SAIL) is likely to sign a joint venture agreement with South Korean steel major Posco for setting up a factory in Bokaro. SAIL and Posco are looking to set up a 3-million tonne steel plant in Bokaro with an investment of Rs 16,000 crore ($3.2 billion).
Peers
Company Name CMP
JSW Steel 1227.10
Tata Steel 175.50
Steel Authority 174.50
Jindal Stainless 732.35
APL Apollo Tubes 2120.65
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