Duroflex Engineering Limited has informed that the Board of Directors of the Company has decided to form a 100% owned Subsidiary Company in Hamriya Free Zone, Sharjah, United Arab Emirates (U. A.
Steel Authority of India Limited and Nagpur based Manganese Ore India Limited has formed a joint venture to complete ferro alloy plant at Bhiali. The JV is aimed to set up a 0.1 million tonne plant with an investment of 400 crores. The plant is expected to operationalize by 2009 end or early 2010. The ministry of steel has approved the formation of joint venture by SAIL and MOIL.