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POSCO to invest $240 million in India

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SEOUL (Commodity Online) : World’s fourth largest steel maker, South Korea’s POSCO said on Monday it would invest $240 million to build a galvanising steel plant in India’s Maharashtra state.



In a statement issued here, the company said the continuous galvanising line producing steel products for automobiles and electronic goods is set to be completed in May 2012 with an annual production capacity of 450,000 tonnes.



NCDEX POTATOFAQJUL12 20 July 2012 contract was trading at Rs 0 . What's your view on it?
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