Search

KIOCL, NMDC and RINL decides to build 13 MTPA slurry pipeline between Nagarnar and Vizag

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 3,500 crore investment. MoU has already been inked between them for setting up a JV in which KIOCL will hold a 48 per cent stake. NMDC and Rashtriya Ispat Nigam Ltd will hold 26 per cent each.

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

Elecon wins Rs 33-cr order

Elecon Engineering Company announced that their MHE Division has procured a prestigious order of Rs. 33 crore from Bharat Heavy Electrical Limited for design, engineering, manufacturing, supply, erection, start up, testing and commissioning, and PG test for four sets of wagon tippler with side arm charger and commissioning spares for Raw Materials Handling systems (Packaging 1) project of NMDC steel plant at Nagarnar, Chhattisgarh.

Digital Edition