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KIOCL to Begin Groundwork For Ductile Iron Spun Pipe Unit By December

Steel News - Published on Thu, 03 Oct 2019

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Deccan Herald reported that KIOCL Ltd is planning to start the groundwork for ductile iron spun pipe plant in Mangaluru by December. KIOCL is setting up a DISP plant with a capacity of 2 LTPA (lakh tonnes per annum) under forward integration project. An investment of around INR 836 crore is being expected in this project. Addressing presspersons Mr MV Subba Rao, Chairman and Managing Director of KIOCL Ltd said that “If everything goes well, we are going to start the ground work for DISP project before December. The proposed project is expected to create a minimum of 500 direct employment in the region.”

On the potential for such a plant, he said the Central government is going to spend more than INR 11 lakh crore on water supply and sanitation projects in the coming years. The company can help meet the needs of the market for DISP for water supply and sanitation projects.

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Posted By : Rabi Wangkhem on Thu, 03 Oct 2019
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