 The agreement was signed on the 15th August this year at Bonn in Germany by the Secretary, Ministry of Production, on behalf of the Government of India, and two German firms of international repute, namely, Krupps and Demag.The agreement provides for the technical and financial participation of these two firms in the construction of a new steel plant with the initial capacity of half a million tons of ingots, capable later of expansion to a capacity of one million tons.The capital cost of the project is estimated to be about Rs.