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Posco plans Rs.4,800 crore processing unit in Maharashtra

Friday, 06 Feb 2009
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Posco, the South Korea based steel manufacturer plans to set up a $1 billion (Rs.4,800 crore) greenfield steel processing facility in Maharashtra.

The land acquisition process for the project is under way at the Maharashtra Industrial Development Corporation-run Vile Bhagad industrial estate in Raigad district. The company is planning to carry out the investment in phases. It is eager to use Dighi port, which is close to Vile Bhagad, for transporting raw materials and finished goods.

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