May 19 (Reuters) - NSL Consolidated Ltd NSL.AX :
* Signs memorandum of understanding (mou) for building a steel making plant in Andhra Pradesh, India.
* Mou executed with Wei Hua Group
* Joint venture will have a 50/50 shareholding.
* NSL not required to fund any aspect of the joint venture.
* Says NSL has the option to sell iron ore to the steel plant or into the local market at market prices
* Source text for Eikon ID:nASX9RQnZg
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