Visa Steel, China''s Baosteel plan ferrochrome JV

18 Aug 2007

Mumbai: Visa Steel Ltd has entered into a joint venture agreement with China's Baosteel Trading Co. Ltd and Switzerland-based VISA Comtrade AG to set up a 1,00,000 tonne ferro-chrome plant in Orissa.

Visa Steel would hold 51 per cent stake in the joint venture, to be set up at a cost of Rs260 crore, the company said in a statement.