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SAIL inks pact with Kerala government to enter titanium sector

29 Apr 2013 Evaluate

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%.

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