Posco to infuse Rs 1,000 cr for expansion

Posco will expand its projects in Raigad district at an outlay of over Rs 1,000 crore. The expansion will take place by adding three more units. One of the three units, a specialised steel mill, will be set up jointly with SAIL. The joint venture unit will come up either at Vile Bhagad or Palasgaon. The venture will also explore opportunities utilising FINEX technology developed by Posco for iron-making process. The technology allows direct use of iron ore fines and non-coking coal as feed-stock in iron-making. Contact: Posco-India. Tel: 0674-230 3690. Website: www.poscoindia.com