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SAIL enters into MoU with KSIDC and KMML

05 Apr 2013 Evaluate

In a bid to set-up titanium project in Kerala, Steel Authority of India (SAIL) has entered into memorandum of understanding (MoU) with Kerala State Industrial Development Corporation (KSIDC) and Kerala Minerals and Metals (KMML).

KMML will be supplying Titanium Tetrachloride for Titanium Sponge and Metal Plant in the first phase, while backward and forward integration will be explored for ensuring long term viability of the project in subsequent phases

After first titanium sponge plant was put up at KMML’s Chavara complex in Kerala in 2011, this will be second major titanium project in Kerala.

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
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