Kudremukh Iron Ore Company (KIOCL) and Rashtriya Ispat Nigam (RINL), the corporate entity of Vizag Steel have reportedly entered into an agreement to set up a joint-venture company for a pellet plant project adjacent to the steel plant at Visakhapatnam.
Pellets will be produced using iron ore fines supplied by NMDC 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.
KIOCL is Asia's largest iron ore mining and pelletisation complex and the country's biggest 100% export oriented unit engaged in the business of exporting high quality iron oxide pellets and pig iron.
