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Steel PSUs sign pact for Rs 3,500 cr slurry pipeline

Steel majors KIOCL, NMDC and RINL have decided to set up a 13 MTPA slurry pipeline between Nagarnar and Vizag for carrying iron ore with Rs 3500 crore investment. MoU has already been inked between them for setting up a joint venture in which Kudremukh Iron Ore Company (KIOCL) will hold a 48 per cent stake. NMDC and Rashtriya Ispat Nigam Ltd will hold 26 per cent each. International technology / equity partner may be roped in to join the project at a later stage. The slurry pipeline will be used

Karnataka to consider KIOCL plea for mining in Tumkur district

The Karnataka government will take a decision on processing the application by Kudremukh Iron Ore Company (KIOCL)?on seeking a 116.55 hectare mining lease at Hosahalli in Chikanayakanahalli taluk of Tumkur district after it prepares a framework for mining iron ore and allied minerals in the State,?Chief Minister Siddaramaiah told the State Legislative Assembly on July 25. Replying to a call attention notice by JR Lobo?(Congress) Siddaramaiah said KIOCL?had applied for the mining lease in 2008.

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