According to industry sources, SAL has been holding talks with the South Korean steel major since a few months to float a joint venture. |
Posco India spokesman Shashank Pattnaik said, "Shah Alloys has invited us to start steel business in Gujarat. But the company is yet to take a call on this." |
The tie-up is expected to be a joint venture either to set up a greenfield steel manufacturing plant or to outsource steel manufacturing to SAL. |