India Steel Market watch
December 8: KIOCL Ltd, a Central PSU under the Ministry of Steel, has planned to diversify into the coal beneficiation business and is looking for a consortium partner for this purpose, according to information available with ISMW.
The Mini Ratna company, which is engaged in mining and beneficiation of iron ore, recently floated a tender for empanelment of a consortium partner to participate in future coal beneficiation projects.
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 the upcoming 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.