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Uttam Galva, Posco mull Rs 160 bn steel project

Uttam Galva, Posco mull Rs 160 bn steel project

Reports suggest that Uttam Galva Steels is holding talks with South Korean steel major Posco to set up a 3 million tonne per annum (mn tpa) steel plant in Maharashtra at a cost of Rs 16,000 crore. Reports also indicate that both the companies plan to form a joint venture for the project and the world's leadin