PSU NEWS
SAIL, KIOCL to form Rs 450-cr JV for coke oven battery
NEW DELHI: SAIL and KIOCL, two PSUs under the Steel Ministry, are set to ink a joint venture partnership for setting up a three lakh tonne coke oven battery and a captive power plant at an estimated investment of Rs 450 crore in Karnataka.
Sources close to the development said the facility would be a win-win proposition for both Steel Authority of India and KIOCL, formerly known as Kudremukh Iron Ore Company.
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