Category: Karnataka Steel Projects
KIOCL has selected URISPL, a Bangalore based United Telecom company to set up the upcoming 5 million tpa integrated steel plant in Bellary district in north Karnataka. The project cost is estimated at Rs.90000 million which will be funded by the joint-venture at the ratio of 26:74. URISPL will bring in technical know how to set up the plant and in marketing of products, while KIOCL will bring mining expertise in running the captive mines.
Latest Status : Joint-Venture agreement to be signed, captive mines to be allotted