The agreement was signed with the Japanese firm in Tokyo

India's largest steel maker SAIL today inked the final pact with Japan's Kobe Steel to set up a 500,000-tonne plant in West Bengal to produce a key steel making raw material. The facility entailing an investment of Rs 1,500 crore would use Kobe's specialised technology ITmK3 (iron making technology mark three) to produce nuggets to be shared equally by the partners for captive use, an official release said.