September 06, 2008

POSCO and Nagarjuna to build SAIL ISP BF

It is reported that POSCO Engineering & Construction Co and Nagarjuna Construction Company consortium has received a USD 350 million order to build India's biggest blast furnace for Steel Authority of India Limited’s IISCO Steel Plant at Burnpur in West Bengal. The blast furnace will be completed by March 2010.

POSCO Engineering said that the furnace will have the capacity to produce 2.7 million metric tonnes of steel a year and would be based on POSCO technology.

Nagarjuna Construction's share of the order is around INR 1,100 crore.