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Mukand plans Rs 100cr JV with Belgian firm

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BS Reporter Mumbai
Mukand has signed an agreement with NV Bekaert SA, Belgium to form a joint venture company to produce stainless steel wires in India.

According to a release issued by Mukand to the BSE today, the 50:50 joint venture company will set up a plant in Lonand, District Satara, Maharashtra.

"The company will manufacture stainless steel wires with an investment of Rs 100 crore," the release added.

 
 

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First Published: Sep 05 2007 | 4:02 PM IST

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