Earlier this week, the state-run steelmaker and the Indonesian company signed a memorandum of understanding to explore setting up a joint venture to manufacture stainless steel slabs to meet rising demand in India.

Capacity and investment plans will be finalised after feasibility studies and the formation of the proposed joint venture.

Earlier this week, the state-run steelmaker and the Indonesian company signed a memorandum of understanding to explore setting up a joint venture to manufacture stainless steel…