KIOCL plans to set up pellet plant in JV with SAIL


Team Udayavani, Dec 4, 2018, 8:55 AM IST

New Delhi/Mangaluru: Pellet maker KIOCL said Monday it is planning to sign a memorandum of understanding (MoU) with Steel Authority of India Ltd (SAIL) to set up a pellet plant under a joint venture (JV). KIOCL has already approached SAIL in this regard, confirmed a source. 

In a statement, KIOCL said the company has already diversified in the field of O&M services (operation and maintenance) and proposes to expand its operation in other parts of the country by setting up new pellet plant which is a requirement of the day. KIOCL Ltd, under the Steel Ministry, has an iron oxide pellet plant with a capacity of 3.5 million tonnes per annum at Mangaluru in Karnataka. 

“KIOCL CMD Subba Rao has expressed that keeping the above background and experience in view and diversify/expand KIOCL’s operation by making use of the emerging opportunities. KIOCL has already signed a MoU with RINL to set up a 2 MTPA pellet plant at Vizag. On similar lines, KIOCL is planning to sign a MoU to set a pellet plant under JV with SAIL,” the company said. 

Steelmaker SAIL did not comment on the development. Rashtriya Ispat Nigam Ltd (RINL), also known as Vizag Steel, is a Public steel producer based in Visakhapatnam. 

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Belagavi: Netizens fume over viral video of tractor tug of war endangering public life

COVID cases up by more than 30 per cent in Britain last week

‘Ashada Shukravara’: Massive footfall at Chamundi Hills

Manipur landslide: NDRF says 17 bodies recovered, rescue ops on

Karnataka govt approves setting up of 438 ‘Namma Clinics’

HC directs Maha govt to pay Rs 10 lakh insurance cover to 2 firemen who died on duty

Mangaluru-Delhi direct flight begins operations


Related Articles More

Belagavi: Netizens fume over viral video of tractor tug of war endangering public life

‘Ashada Shukravara’: Massive footfall at Chamundi Hills

Karnataka govt approves setting up of 438 ‘Namma Clinics’

Mangaluru-Delhi direct flight begins operations

Bengaluru to be developed with world-class amenities: CM Bommai

MUST WATCH

How to earn God’s grace?

NEW BULLETIN 01-07-2022

Heavy Rain Mallar Urdu school Damage

Heavy rain at kaup area

Banana cultivation : Success story of a farmer


Latest Additions

Belagavi: Netizens fume over viral video of tractor tug of war endangering public life

COVID cases up by more than 30 per cent in Britain last week

AAP does what it says: Kejriwal after Punjab govt’s free power scheme comes into effect

‘Ashada Shukravara’: Massive footfall at Chamundi Hills

Manipur landslide: NDRF says 17 bodies recovered, rescue ops on

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.