Date:11/12/2008 URL: http://www.thehindu.com/2008/12/11/stories/2008121154700500.htm

Kerala - Thiruvananthapuram

SAIL, SCL tie-up formalised

THIRUVANANTHAPURAM: Steel Authority of India Limited (SAIL) and Steel Complex Limited (SCL) signed an agreement here on Wednesday formalising the conversion of the latter’s facility in Kozhikode into a 50:50 joint venture company. The Central public sector institution SAIL would invest a sum of Rs.50 crore on installing a rolling mill with a capacity to produce 65,000 tonnes of steel at the SCL in the first stage of the programmes envisaged under the venture.

– Special Correspondent