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SAIL, POSCO mulls steel mills in Maharashtra /Jharkhand

SAIL and POSCO are forming a joint-venture to set up a Rs. 1100 billion steel plant in Jharkhand. The plant is likely to come up in the land owned by SAIL at Bokaro steel plant. They are also in talks to set up a CRNO (cold rolled non grain oriented) steel plant in Maharashtra. The plant will have a capacity of 300,000 tpa and likely to entail an investment of Rs. 6000 – 10000 million. The demand for CRNO steel is growing up and is expected to double by 2016-17

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