BS reported that KIOCL Ltd board has agreed in principle to the formation of a JV between KIOCL and RINL towards setting up a ductile iron spun pipe plant and oxygen plant among others under forward and backward integration in blast furnace unit.

Mr K Ranganath CMD of KIOCL said that “A detailed project report for setting up of DISP plant of 100,000 tonne per annum capacity to produce pipes of sizes ranging from 100mm dia to 1,000mm dia. at our blast furnace unit has been prepared by Mecon Ltd and the same will be placed before the KIOCL Board in the forthcoming meeting for approval and implementation.”

As per the DPR and the market study report, there is good market potential for this value added products. KIOCL has to implement the same on a fast track basis in order to reap the benefits. Statutory approvals are in place for the project.

(Sourced from BS)