12
Jan
13:07
RINL signs MoU to expand capacity to 12mt
Rashtriya Ispat Nigam (RINL) has signed a memorandum of understanding with the Andhra Pradesh state government to expand its capacity to 12 million tonnes/year and build an iron ore pellet plant.
The agreement envisages an overall investment of INR 38,500 crore ($5.76 billion) by RINL in Visakhapatnam, otherwise known as Vizag, where the state-owned steelmaker has its sole plant. The firm has agreed to invest INR 3,600 crore initially in raising capacity to…
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Anonymous
Very good overview of the weekly steel market.
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