KIOCL JV for steel plant

The JV has been formed for setting up an integrated steel plant in Bellary district with an investment of Rs 9,000 crore for a 5 million tonne per annum capacity integrated steel plant.
According to Chairman & Managing Director K Ranganath a detailed project report is being prepared and the company will fund its portion of the JV (Rs 2,340 crore) from its internal accruals.