Rashtriya Ispat Nigam Limited (RINL), Visakhapatnam Steel Plant and KIOCL Limited, Kudremukh Iron Ore Company Limited signed a Memorandum of Understanding (MOU) on 6th January, 2018 at Mangalore. This MoU was signed to set up a Joint Venture Company for a pellet plant project adjacent to the plant premises of Visakhapatnam Steel Plant at Visakhapatnam. Pellets will be produced by utilizing iron ore fines, which will be supplied from mines situated at Bailadila, Chhattisgarh or Bellary, Karnataka. Part of the raw material requirement for blast furnaces of RINL will be met with these pellets. The capacity of the proposed plant will be initially 1.2 MT per annum with provision to expand further as per requirement.
