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S.Korea POSCO unit wins $350 mn order from India

S.Korea POSCO unit wins $350 mn order from India
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First Published: Thu, Sep 20 2007. 04 19 PM IST
Updated: Thu, Sep 20 2007. 04 19 PM IST
By Reuters
Seoul: A unit of POSCO, the world’s fourth-largest steel maker, said on 20 September that it won a $350 million order to build India’s biggest blast furnace from state-run Steel Authority of India Ltd.
The furnace, which will be located north of Kolkata, will have the capacity to produce 2.7 million tonnes of steel a year, POSCO Engineering & Construction Company said.
Construction of the furnace will be completed by March 2010, according to the company.
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First Published: Thu, Sep 20 2007. 04 19 PM IST