Steel Authority of India Limited (SAIL) signed a Memorandum of Understanding (MoU) with Government of Kerala PSEs, Kerala State Industrial Development Corporation (KSIDC) and Kerala Minerals and Metals Ltd (KMML), for setting up a Titanium Project in Joint Venture in Kerala.
Through this MOU, possibilities of setting up of the Titanium Project in Joint Venture in Kerala will be explored by SAIL and KSIDC& KMML, in a phased manner. To begin with in Phase 1, setting up of a Titanium Sponge and Metal Plant based on supply of Titanium Tetrachloride by KMML will be considered. In subsequent phases, backward and forward integration will be explored for ensuring long term viability of the project.
DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.