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Indian KIOCL increases output for expanding market-The 21st China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
8/23/2019 压铸展-铸造展- Die-casting expo-foundry expo |
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The Indian government has formulated a new plan for the steel industry to produce 300 million tons of steel by 2030.
At present, the Indian pelletizing plant, KIOCL Limited, had started a production expansion device and invested Rs 8.37 billion to build a new spiral steel pipe plant and a coking plant in two years.
In addition, KIOCL Limited established a joint venture company with Rashtriya Ispat Nigam Ltd (RINL) to build a pelletizing plant with an annual output of 2 million tons, and all the products would be supplied to RINL''s blast furnace.
KIOCL''s operating income grew by 15.3% year on year this year, and it had expanded its business to steel mills located in Asia and the EU.
As known, the iron ore supply was not stable this year, but it had also made pellets become a new choice for steel mills to improve metallurgical ways.
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