Bhushan Steel in pact with Sumitomo: Official

NEW DELHI: India's Bhushan Steel has entered into a production and sales pact with Japan's Sumitomo Metal, a senior official said on Wednesday.

"The possibility of Sumitomo entering into a joint venture with Bhushan Steel for this project is being explored," Bhushan Steel's managing director Neeraj Singhal told a news conference.

The Indian firm would commission a plant with a capacity of 2.2 million tonnes by January next year.