Subsidiaries of Posco, Daewoo join hands with Balaji Infra

Balaji Infra Project has joined hands with Posco and Daewoo Logistics Corporation to form a joint venture company to set up a steel distribution centre within the Dighi Port.

By ET Bureau | Sep 21, 2008, 11.26 PM IST

Balaji Infra Projects, promoters of Dighi Port in Maharashtra has joined hands with Posco, world's second largest steel manufacturing company and Daewoo Logistics Corporation, to form a joint venture company to set up a steel distribution centre within the Dighi Port.

While Posco-IPPC has 51% stake in the JV, Daewoo subsidiary holds 29% and Balaji Infra 20%.

To be set up in 9 acres within the port, the centre will be the first steel distribution centre of its kind within a port.

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