Rs.800 Crore pellet plant in Orissa on 100 acres of land
A pellet plant with an annual production of 8-million tonnes will be set up by Essar Global, the overseas investment arm of the Essar Group. The pellet plant will require an investment of Rs.800 crores and will be a part of Essar's integrated steel unit, costing a total of Rs.10,700 crores.
Essar Global has bought 100 acres of land, and will soon start work on the pellet plant. According to Jatinder Mehra, resident director of the Essar group, commercial operations at the plant would begin two and a half years after the financial closure.
By INRnews Correspondent
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