<p>NMDC, on Thursday said it will partner with Russia’s largest steel maker Severstal for setting up a 5 million tonne steel plant in Karnataka.<br /><br />The plant will entail an investment of about Rs 25,000 crore. Both the companies will formally ink the pact for the project on Friday. Both companies may have 50 per cent stake. in the JV.</p>
<p>NMDC, on Thursday said it will partner with Russia’s largest steel maker Severstal for setting up a 5 million tonne steel plant in Karnataka.<br /><br />The plant will entail an investment of about Rs 25,000 crore. Both the companies will formally ink the pact for the project on Friday. Both companies may have 50 per cent stake. in the JV.</p>