Skip to main content

MoneyWorks4Me

SAIL, KIOCL enter into agreement to set up a pellet plant

31 Jan 2019 Evaluate

Steel Authority of India (SAIL) and KIOCL have entered into an agreement to set up a pellet plant.

Earlier, 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).

SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

Peers
Company Name CMP
JSW Steel 1251.20
Tata Steel 169.50
Steel Authority 161.20
Jindal Stainless 683.10
APL Apollo Tubes 2199.85
View more..