[av_heading tag=’h3′ padding=’1′ heading=’Jindal to build iron ore pelletising plant in Oman’ color=” style=’blockquote modern-quote’ custom_font=” size=” subheading_active=’subheading_below’ subheading_size=’15’ custom_class=”][/av_heading]
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10 October 2016
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Jindal Shadeed Iron & Steel, a wholly-owned subsidiary of Indian conglomerate Jindal group, plans to set up a major iron ore pelletising plant in Oman, which will be primarily dependent on the availability of competitively priced natural gas, said a report.
The company’s proposed pelletising plant is among a trio of planned ventures lined up for implementation in the next phase of Jindal Shadeed’s expansion, stated the Oman Daily Observer report, citing a senior official.
Jindal Shadeed Iron & Steel owns and operates the sultanate’s largest integrated steel mill at Sohar Port.
The availability of natural gas at subsidised rates is a great challenge and can adversely affect the company’s future investment plans, warned the company’s chief financial officer Rama Subramanian Chidambaram.
The company also plans to set up a plant to produce pellets as feed material for the company’s direct reduction iron (DRI) plant at Sohar, and a lime and dolomite calcination unit to produce calcined lime and dolomite for captive use in its steel melt shop (SMS).
Source – GC
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