Posco to sign MoU with SAIL 25,000 Cr Integrated steel project

New Delhi: South Korean steel giant Posco is likely to sign a Memorandum of Understanding (MoU) with state-run SAIL in the next three months to jointly set up a 5 MT integrated steel project in Jharkhand at an estimated cost of about Rs 25,000 crore.

The move comes despite the long delay in the setting up of Posco’s 12 MT steel plant worth Rs 54,000 crore in Orissa.