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Posco, SAIL ink strategic partnership The world's fourth largest steel producer South Korean Posco and state-owned steel firm SAIL has inked an agreement which will allow them to enter into a strategic partnership to cooperate in the area of purchasing raw materials and sharing marketing network in India. 19 Aug 2007
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SAIL board OKs $2.6 billion expansion plan Steel Authority of India Ltd said on Wednesday its board had given in-principle approval for a Rs. 112.6 billion expansion plan. 05 Apr 2007
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Maruti Udyog buys out Suzuki's stake in MSAIL Leading car manufacturer, Maruti Udyog Ltd. has said it has bought Suzuki Motor Corporation's 30 percent stake in the joint venture, Maruti Suzuki Automobile India Ltd (MSAIL), for Rs. 12 crore, taking its total stake in MSAIL to 100 percent. 22 Jul 2006
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ONGC-Mittal to invest $ 6 billion in Nigeria, work together in 21 countries Mittal Steel Co. and state-owned leading oil producer, Oil and Natural Gas Corporation (ONGC) will be investing about $ 6 billion in setting up a refinery, power plant and railway lines in Nigeria through its joint venture company, ONGC-Mittal Energy Ltd. (OMEL). 15 Jul 2006
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U.S. Homeland Security to fingerprint sailors Dubai, U.A.E. - The U.S. Department of Homeland Security plans to collect digital fingerprints of merchant sailors arriving at American ports, believing that will improve security and allow more seafarers to visit the United States, a department official said. 07 Apr 2006
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Steel, aluminium Cos. hike price by over Rs. 2000 per tonne Mumbai - Rise in price of steel and aluminium in international market has prompted the Indian steel and aluminium companies to hike the price by over Rs. 2,000 per tonne. 06 Apr 2006
