Stocks

SAIL may see action on JV with ArcelorMittal

| Updated on January 23, 2018 Published on May 22, 2015

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The stock of Steel Authority of India will see market traction in the coming days as it formed a joint venture with ArcelorMittal. The proposed JV company will construct a cold rolling mill and other downstream finishing facilities in India that will offer technologically advanced steel products to India’s rapidly growing automotive sector, which is expected to grow from the current 3.5 million units to over 7 million units by 2020.

Published on May 22, 2015
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