India Steel Market Watch
December 17: KIOCL Ltd has extended the deadline for submission of bids for the tender floated for empanelment of a consortium partner for its proposed coal beneficiation business.
The deadline has been extended from December 14 to December 29, 2015.
The mini-ratna company, which is engaged in mining and beneficiation of iron ore, has planned to diversify into coal beneficiation and floated a tender for selection of a consortium partner for this purpose.
According to sources, the company views the coal beneficiation business as an extension of its rich experience and capability in mineral processing and beneficiation.
KIOCL will join hands with its consortium partner to participate in upcoming expressions of interest (EoIs)/tenders in the field of coal washery projects in India (both coking and non-coking) on build-own-maintain (BOM) basis. KIOCL shall be the lead member in the consortium for participation in such EoI’s/tenders.