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KIOCL, RINL to setup 2 mtpa capacity Pellet Plant in Vishakapatnam

11 Feb 2019 Evaluate

KIOCL has received approval for shareholders agreement between the company and RINL for setting up of a 2 mtpa capacity Pellet Plant on Joint Venture (JV) basis at RINL premises, Vishakapatnam. The Board of Directors of the Company at its meeting held on February 08, 2019 has approved the same.

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.

Peers
Company Name CMP
Coal India 411.85
NMDC 79.70
Ashapura Minechem 525.80
Sandur Manganese 185.45
GMDC 556.60
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