[Ferrochrome] Baosteel investment plans in India ferrochrome production

According to Indian media reports, China general manager of Baosteel Group in a television interview said he would speed up its investment in ferrochrome project is fully implemented. The report mentioned that investment projects ferrochrome production may reach 100,000 tons in 4587, for a total investment of 15-20 billion rupees. It is understood that Baosteel will hold the 35% of the company's shares, holders of Visa Steel 65% of the shares.
Reported that the general manager of Visa Steel said cooperation is consultation, and no real contract documents. Baoshan District in the Indian representative said, we have not reached an agreement not to publish any opinion.
Visa Steel annual ferrochrome 50,000 tons, covering 525 acres. currently apply to the local government in 675 acres of land.