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POSCO to invest $240 mn in India steel plant

POSCO to invest $240 mn in India steel plant
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First Published: Mon, Mar 15 2010. 10 45 AM IST
Updated: Mon, Mar 15 2010. 10 45 AM IST
Seoul: South Korea’s POSCO, the world’s No.4 steelmaker, on Monday said that it would invest $240 million to build a galvanising steel plant in Maharashtra state, western India.
The continuous galvanising line producing steel products for automobiles and electronic goods is set to be completed in May 2012 with an annual production capacity of 450,000 tonnes, POSCO said in a statement.
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First Published: Mon, Mar 15 2010. 10 45 AM IST