Business Standard reported that KIOCL Ltd has evinced interest in setting up a pellet plant in Odisha, to tap huge amount of unsold fines of Odisha Mining Corporation.
Mr Malay Chatterjee CMD of KIOCL said that "The setting up of pellet plant and beneficiation plant jointly with OMC will not only attract investment opportunities to the state but also generate employment opportunity for the youth in Odisha besides creating value addition and generating more revenue for the state."
The state government has invited KIOCL officials on December 17th to chalk out plans for location and capacity of the plant along with its commercial agreement with OMC.
The decision to propose a pellet plant in Odisha in collaboration with OMC was prompted by the fact that the state run miner has huge quantity of fines stacked at its various mines and has not been able to use them in the absence of technology to process them as per the requirements of the steel makers.
The problem was discussed during the state Inter Ministerial
