SOURCE: Industrial Info Resources

March 03, 2008 05:00 ET

Chinese Investing $2.2 Billion in Indian Iron and Steel Project, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - March 3, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In a joint venture between Chinese and Indian companies, China's Xinxing group and China National Metal Products will invest $2.2 billion in the construction of an iron ore pellet plant in Karnataka. The project, Xindia Steels, will be carried out in two phases with Indian partners Manasara Investments, Kelachandr Group and Sigma Minmet. The Indian companies will control 45% of the project, and the Chinese firms will hold 55%.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=128842, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process and energy related industries with products and services ranging from industry news, forecasting, plant and project databases, as well as multimedia advertising campaign assistance. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147