Global Steel to set up $1.6 bn plant in Philippines
Pramod Mittal-promoted Global Steel Holdings (GSH) will set up an integrated steel project at a cost of $1.6 billion (Rs 6,400 crore).
By PTI |
NEW DELHI: Pramod Mittal-promoted Global Steel Holdings (GSH) will set up an integrated steel project in Philippines at a cost of $1.6 billion (Rs 6,400 crore), the country's President Gloria Macapagal Arroyo said on Friday.
Addressing captains of Indian industry here Arroyo said the plant would come up in Southern Philippines. "GSH will join our billion dollars club," she added.
Sources said top GSH officials met Arroyo in Mumbai yesterday and expressed their resolve to set up an integrated steel plant in that country where it already owns a rolling mill.
Addressing captains of Indian industry here Arroyo said the plant would come up in Southern Philippines. "GSH will join our billion dollars club," she added.
Sources said top GSH officials met Arroyo in Mumbai yesterday and expressed their resolve to set up an integrated steel plant in that country where it already owns a rolling mill.
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