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. |