RINL, KIOCL sign MoU for pellet plant

The capacity of the proposed plant will be initially 1.2 million tons per annum

GN Bureau | January 8, 2018


#RINL   #KIOCL   #PSU  

Rashtriya Ispat Nigam Limited (RINL), Visakhapatnam Steel Plant and KIOCL Limited, Kudremukh Iron Ore Company Limited  signed an Memorandum of Understanding (MOU) on January 6, 2018 at Mangalore to set up a joint venture company for Pellet Plant Project in the adjacent to the plant premises of Visakhapatnam Steel Plant at Visakhapatnam, said a press release.

Pellets will be produced by utilising iron ore fines which will be supplied from either mines situated at Bailadila, Chhattisgarh or Bellary, Karnataka. Part of raw material requirement for blast furnaces of RINL will be met with these pellets. The capacity of the proposed plant will be initially 1.2 million tons per annum with provision to expand further as per requirement.

 

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