India’s KIOCL Limited (formerly Kudremukh Iron Ore Company Limited) has reached an agreement with Tauman Engineering Limited on setting up a 180,000 mt per year heat recovery coke oven plant, company sources said on Tuesday, November 23.
KIOCL will pay an estimated $25 million as contract price to the engineering company to implement the project.
It has also entered into a three-way collaboration agreement between KIOCL, Tauman Engineering and the Indian government’s Central Scientific and Industrial Research (CSIR) to source appropriate technology from the latter, the sources said.