KIOCL, SAIL ink pact to set up pellet plant
Team Udayavani, Jan 30, 2019, 2:07 PM IST
Mangaluru: Pellet maker KIOCL on Wednesday said it has entered into an agreement with Steel Authority of India Ltd (SAIL) to set up a pellet plant.
In December 2018, KIOCL had said it was planning to sign a memorandum of understanding (MoU) with SAIL to set up a pellet plant under a joint venture (JV).
“KIOCL inked pacts with the largest steel producer of India SAIL…for setting up of pellet plant, exchange of knowledge and expertise in presence of Steel Minister Chaudhary Birender Singh today at Mangaluru,” KIOCL said in a tweet on Wednesday.
KIOCL in December also said the company has already diversified in the field of O&M (operation and maintenance) services and proposes to expand its operation in other parts of the country by setting up a new pellet plant.
KIOCL, under the steel ministry, has an iron oxide pellet plant with a capacity of 3.5 million tonne per annum at Mangaluru in Karnataka.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Cong’s D K Suresh, only incumbent MP from Karnataka, files nomination from Bangalore Rural
Baikampady: Massive fire breaks out in seafood factory
NIA detains two more suspects linked to Rameshwaram Cafe blast
Some Lingayat seers ask BJP to change its Dharwad LS candidate Pralhad Joshi
Koojimale under scrutiny following Naxal suspicions
MUST WATCH
Latest Additions
Priyanka Gandhi questions govt under Cong’s media campaign for LS polls
Delhi under constitutional crisis, Kejriwal should quit if he has scant regard for people: BJP
Fare of shared cabs on Pune, Nashik and Shirdi routes from Mumbai hiked
Cong’s D K Suresh, only incumbent MP from Karnataka, files nomination from Bangalore Rural
Sena (UBT) firm on contesting from Sangli, nobody should do anything that will help BJP: Raut