Foreign investors show interest in TISCO's project

Foreign investors show interest in TISCO’s project

According to the statement released by Indian steel producer Tata Iron and Steel Corp (TISCO), South Korean steel giant POSCO and Japanese steel producer Nippon Steel Corp (NSC) have shown interest in the company's iron and steel complex project in Orissa. The cost of the project is expected to reach $3.3 billion. TISCO officials stated that they are open to any investors willing to participate in the project. Moreover, TISCO, in cooperation with a domestic engineering company Larsen & Toubro Ltd is developing a port at Dhamra, Orissa as a part of the project. For the port, TISCO plans to invest Rupees 15 million ($328 million).