Steel Authority of India (SAIL) on 29 March 2010 has signed a joint venture agreement with Shipping Corporation of India (SCI) to promote a joint venture company (JVC) primarily to provide various shipping related services to SCI. The initial authorized and paid up share capital of the proposed JVC would be Rs 1 crore, which will be increased from time to time. The paid up share capital will be held equally by both the promoters.
Source :www.biginfotech.in
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