ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Companies Siil Submerged are Furnace

SPONGE IRON INDIA (SIIL) has recently signed a memorandum of under-standing with Kalyani Steels, Pune, and three other electric arc furnace units who have been SIIL's regular customers, for setting up a 60,000 tonnes per annum sponge iron plant based on coal, at Paloncha in AP for the exclusive captive consumption of Kalyani Steels and the other units referred to above. The esti-mated cost of the project is Rs 20 crore. Part of the financing for the project is to come from Kalyani Steels and the three mini-steel plants, the major share coming from SIIL's own resources and from other financial institutions. This will mark yet another milestone in the achievements of SIIL and establishes the continuing accep-tance of the coal-based direct reduction route to steel, of which SIIL has been the pioneers in India.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top