Steel Authority of India Ltd. said it had signed a 50:50 joint venture agreement with Burn Standard Co. Ltd., or BSCL, Kolkata, for setting up a wagon components manufacturing facility at the premises of BSCL at Jellingham in West Bengal, with a capacity to produce 10,000 bogies and 10,000 couplers per annum.
The estimated capital outlay for the project is around Rs.200 crore.
At the BSE, Steel Authority of India shares are currently trading at Rs.94.15, up 0.80 percent from the previous close.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.