Steel Authority of India (SAIL) has inked pact with the Kerala State Industrial Development Corporation (KSIDC) and Kerala Minerals & Metals (KMML) on behalf of the Government of Kerala, in order to enter the titanium sector. The company is exploring the possibility of setting up a titanium project in Kerala. The company is preparing techno economic feasibility report (TEFR) for the project and a detailed project report will be prepared after the completion of TEFR.
The state run firm Steel has reported 4% growth in its production of value-added steel to over 5 million tonnes (mt) in 2012-13 fiscal against 4.83-mt in 2011-12. The entity has increased its output as it added several new products in its portfolio. State run firms energy consumption grew 3% last fiscal, while its blast furnace productivity was up 5%.
