Date:23/08/2008 URL: http://www.thehindu.com/2008/08/23/stories/2008082356131600.htm

Business - Briefly

Tulsyan NEC signs MoU with Budhrani group

CHENNAI: Tulsyan NEC has signed a memorandum of understanding with Budhrani group of companies to set up a steel-making and rolling mill in Nigeria on a joint venture basis to manufacture long products. According to a release, the investment for this partnership would be about Rs. 68 crore. The production capacity would be around 60,000 tonnes annually. — Corporate Reporter