Home World Business Vizag Steel, KIOCL to set up pellet plant in Visakhapatnam

Vizag Steel, KIOCL to set up pellet plant in Visakhapatnam

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The initial capacity of the proposed pellet plant will be 1.2 million tonnes per annum

BS Reporter  |  Hyderabad  Last Updated at January 7, 2018 17:40 IST

Limited(RINL), the corporate entity of Vizag Steel, and Limited(KIOCL) signed a memorandum of understanding (MoU) to set up a joint-venture company for a pellet plant project adjacent to the at Visakhapatnam.  

Pellets will be produced using iron ore fines supplied by from either the Bailadilla (Chattisgarh) or Bellary (Karnataka) mines. Part of RINL’s raw material requirement will be met with these pellets.

The initial capacity of the proposed pellet plant will be 1.2 million tonnes per annum and it will have a provision to expand further depending on the requirement, the two public sector said.

Currently, Vizag Steel’s raw material requirement is being completely met from its Bailadilla mines. The Nava Ratna company has recently announced that it has completed the expansion of to little over 7 million tonnes per annum.   

First Published: Sun, January 07 2018. 17:40 IST

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