SAIL, POSCO join hands for strategic alliance

Thursday, 16 August 2007, 07:00 Hrs
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New Delhi: The state-run Steel Authority of India Ltd (SAIL) Thursday signed an agreement with Korean steel maker POSCO to establish a strategic alliance for aligning and cooperating with each other in a wide range of strategic business and commercial interest areas.

Under the agreement, the two firms would be sharing information on corporate planning, exchange engineers, use each other's marketing and warehousing network and coordinate in the procurement of coking coal, nickel, ferro-alloys and engagement of transportation vessels, according to a statement.
Source: IANS
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