Miju Group
of South Korea is planning to set up steel pipe plant in Orissa with an
investment of Rs.350 crore.
A team from Miju recently held discussions with the Orissa government on
the proposed project to come up at Paradip close to Posco's
plant site.
The
firm was initially interested in setting up a plant to produce spirally welded
pipes as well as stainless steel pipes for use in the construction of Posco
plant.
After
the completion of the Posco project, it intended to produce pipes using the
steel of the Posco plant for sale in the Indian market.