<p>The two companies, which come under the Union Ministry of Steel, have decided to jointly set up a ductile iron spun pipe (DISP) plant at the blast furnace unit, Mangalore. It has been planned that the hot metal produced in KIOCL’s blast furnace unit would be utilised for the production of DISP, a value-added product. </p>.<p>KIOCL is in the process of establishing a one lakh tonne per annum capacity at the Mangalore plant, at an estimated investment of Rs 315 crore, the company said.<br /><br />Steel Minister Virbhadra Singh noted that presently, the country’s total steel production is 64 million tonnes and the aim was to achieve production to the tune of 120 million tonnes by 2012. He said that all public sector steel companies have undertaken massive programmes for capacity expansion. <br /><br />The wing will give both companies a wide, essential product range and there is scope for synergising operations of the existing plants, the company said. </p>
<p>The two companies, which come under the Union Ministry of Steel, have decided to jointly set up a ductile iron spun pipe (DISP) plant at the blast furnace unit, Mangalore. It has been planned that the hot metal produced in KIOCL’s blast furnace unit would be utilised for the production of DISP, a value-added product. </p>.<p>KIOCL is in the process of establishing a one lakh tonne per annum capacity at the Mangalore plant, at an estimated investment of Rs 315 crore, the company said.<br /><br />Steel Minister Virbhadra Singh noted that presently, the country’s total steel production is 64 million tonnes and the aim was to achieve production to the tune of 120 million tonnes by 2012. He said that all public sector steel companies have undertaken massive programmes for capacity expansion. <br /><br />The wing will give both companies a wide, essential product range and there is scope for synergising operations of the existing plants, the company said. </p>
