BS reported that exporter of iron ore pellets KIOCL Ltd is planning to set up a 300,000 tonnes per annum coke oven plant through a non recovery route with 25 MW captive power plant at a cost of INR 452 crore in Mangalore.

Mr K Ranganath CMD of KIOCL said that “The board of directors has approved the proposal to set up the new plant at our blast furnace unit in Mangalore. The project is intended mainly for supply of low ash metallurgical coke for the existing blast furnace and the surplus coke would be sold in the market.”

Mr Ranganath said that the project also envisages generation of 25 MW electricity by utilising the sensible heat of hot flue gases from the ovens. The part power generated would be consumed in blast furnace and the balance in the adjacent pellet plant. Surplus power, as available, if any, will be wheeled to the grid depending upon the comparative advantages.

The cost of the project will be funded with a debt: equity ratio of 1:2. KIOCL has already initiated the action for getting the necessary clearances from the ministry of environment and forests and KSPCB for the project. Parallely, action is being taken for the appointment of a consultant for providing engineering services for the project.

(Sourced from BS)