【NEW DELHI】A three-way joint venture among State-run companies, Steel Authority of India(SAIL), Rashtriya Ispat Nigam Ltd (RINL) and MOIL Ltd to produce ferro alloys is on the cards .
MOIL Ltd, formerly known as Manganese Ore India Ltd, had inked two separate JV pacts with SAIL and RINL to set up two ferro alloy plants with a total outlay of Rs 600 crore.
The Rs 400 crore JV between SAIL and MOIL was proposed to be set up in Chhattisgarh with an annual capacity of one lakh tonnes per annum. The Rs 200 crore JV between RINL-MOIL in Andhra Pradesh was supposed to manufacture 50,000 tonnes of ferro alloys a year. Now these two JVs are virtually scrapped.
"A couple of round discussions has already taken place between the three parties for jointly setting up the ferro alloy plant along with a captive power plant. Final decision will be taken in a couple of months' time," a source said.
【News source】
SAIL, RINL, MOIL to set up joint venture for ferro alloy plant
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