SAIL sign Contract for titanium project in the State

4 April 2013
Kolkata

A MoU was signed here on Thursday by Steel Authority of India Ltd (SAIL) and two Kerala Government-owned outfits — Kerala State Industrial Development Corporation (KSIDC) and Kerala Minerals and Metals Ltd (KMML) for setting up a Rs 2,500-crore joint venture titanium project in the State.

According to a Kerala Government note, the project entails production of titanium sponge and processing it into metal. It envisages titanium metal capacity at a range of 18-40 lakh tonnes a year. C.S. Verma, Chairman of SAIL, said the company would constitute a dedicated team of officers. “All efforts will be made to ensure timely completion of various activities in relation to the project,” he added.

This will be the another major titanium project in Kerala, after the nation’s first titanium sponge plant was put up at KMML’s Chavara complex in Kerala as a collaboration of KMML, Vikram Sarabhai Space Centre (VSSC) and the Defence Metallurgical Research Laboratory in 2011.

Source – http://www.thehindubusinessline.com/companies/sail-inks-deal-with-kerala-companies-for-titanium-project/article4580528.ece?ref=wl_opinion

Found Useful? Do Share: SAIL sign Contract for titanium project in the State: