South Korean builder POSCO Engineering & Construction Co said on Wednesday it had won a $400 million order to build a blast furnace for the Steel Authority of India Ltd. The facility, to be built in the Bhilai steel mill in Chattisgarh, will have annual production capacity of 2.7 million tonnes, POSCO E&C said in a statement. The project will be completed by end-2010, said POSCO E&C, a unit of South Korean steel maker POSCO Co Ltd.
Source: The Economic Times
20th February, 2008