JSPL signs MoU with Rio Tinto

“JSPL will be introducing the HIsmelt technology for the first time in the world other than a pilot plant commissioned in Australia,” the company said.

HIsmelt, short for high-intensity smelting, is the world’s first commercial direct smelting process for making iron straight from the ore and is fully owned by Rio Tinto.

As per the MoU, Rio Tinto’s Kwinana HIsmelt plant from Australia will also be relocated to JSPL’s steel plant in Angul in Orissa, the company added.

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