KNK Corp Pvt Ltd is planning to set up an 1.2 mtpa iron ore beneficiation plant and 1.2 mtpa iron ore pelletization plant in Kotegal village in Badami Tehsil in Bagalkot district of Karnataka. The project cost is estimated at Rs. 5694 million. Land required for the project is around 524 acres, which are barren land has been acquired. Iron ore, Coal and Bentonite will be used as the major raw materials in the plant process.