September 08, 2008

Kudremukh to float tender for railway sliding project by May

BL reported that Kudremukh iron ore company is likely to float tender for the Baikampady Thokur railway sliding project in Mangalore in Dakhin Kannad district of Karnataka by May 2008.

As per report, Kudremukh iron ore is planning to set up railway sliding for bulk material handling in between Baikampady industrial area and Thokur village. The project envisages an estimated investment of INR 225 crore and will have 6 lines in length of 1.9 kilometer each and includes 2 wagon tipplers.

The proposed project will help Kudremukh in unloading, storing and transportation of hematite ore with capacity of 4 million tonnes per annum. It is also setting up a LAM coke plant of 500,000 tonnes per annum at Mangalore. EoIs invited during March 2004 was cancelled and fresh bid is likely to float by May 2008.