July 03, 2026 07:09 am (IST)

Make this your homepage

All Finance

India-US trade deal almost done! Piyush Goyal hints at breakthrough | Ram Mandir donation scam: Champat Rai points finger at his own driver | PM Modi welcomes Japanese PM Sanae Takaichi as India-Japan ties enter a new era | 'Not an isolated incident': India slams Pakistan after 125-year-old historic Gurdwara is demolished | Ram Mandir donation theft: Six accused were employed by Varanasi-based security firm, probe reveals | Ayodhya Ram Temple donation theft: Probe says majority of money was allegedly stolen during Kumbh Mela | Commercial LPG price slashed by Rs 183.50 from July 1; check new rates in Delhi, Mumbai, Kolkata and Chennai | Trump suffers major blow as US Supreme Court upholds birthright citizenship | Delhi-Mumbai Expressway horror: Passenger bus goes up in flames after fatal collision, 8 dead | 'Dharmendra Pradhan will be responsible if anything happens': CJP warns as Sonam Wangchuk's health worsens on day 3 of hunger strike

Shree Uttam Steel & Power signs MoA with POSCO Korea

India Blooms News Service | | Aug 11, 2015, at 07:41 pm

Mumbai, Aug 11 (IBNS): Shree Uttam Steel and Power Ltd, a part of Uttam Galva Group and POSCO Korea, on Tuesday signed a Memorandum of Agreement (MoA) to set up an integrated steel manufacturing facility under a Joint Venture arrangement in India.

The MoA was signed in Mumbai.

The MoA is the first step of a process to establish a JV between the two companies.

The proposed JV plans to set up 3 MTPA integrated steel plant at Satarda in Maharashtra in two phases.

Ankit Miglani of Uttam Galva said, “We have been associated with POSCO across various aspects of the steel business over the years. Today’s signing signals our intention to further advance our collaboration with POSCO to a higher level on the value chain. Also we feel that the future of the Indian Steel Industry is bright and we are poised to as a nation make a quantum leap on the Global Steel stage. This JV will help us to develop a world class integrated steel manufacturing facility in line with the with the government’s ‘Make in India’ initiative. We hope to with POSCO’s technical support create an integrated steel plant that will be a centre of manufacturing excellence."

#Shree Uttam Steel & Power # POSCO Korea

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm