Indian KIOCL is implementing several projects, plants for the production of pellets
KIOCL — Indian state-owned iron ore company. It and state-owned Rashtriya Ispat Nigam Ltd (RINL) signed a Memorandum. This Memorandum of understanding regarding the project of joint construction of the plant. We are talking about the plant that will produce iron ore pellets. Its capacity will be 2 million tons per year. Under construction is planned to occupy the site of the metallurgical plant Visag Steel. It is located in the state of Andhra Pradesh. The new plant is to be launched in 2021. Raw materials will be supplied from the iron ore deposits in Chhattisgarh or Odisha. Implementation of the project is estimated at about $ 140 million.
KIOCL plans included two projects. To this end, it plans to enter into an agreement with another production company. This enterprise Steel Authority of India Ltd (SAIL). To solve the issue with the agreement I want in the near future. Under the future instrument will be built two plants for the production of pellets. They are similar to that described above. The capacity of each will also be 2 million tons per year. They want to build on the base of steel plants in Bokaro and Bhilai. They both belong to SAIL. To implement projects planned in the 2022/2023 financial year. The raw material will be provided from fields belonging to the SAIL.
Today, KIOCL there is one factory for production of pellets. It is located in the state of Karnataka. For the 2017/2018 financial year amounted to 2.3 million tons. This is not the full capacity of the plant. It should reach 3.5 million tons per year. Removing it is the vision of the enterprise. KIOCL wants to actively export products of the plant. In addition, she wants to give it a local metallurgical plant.