Daijiworld Media Network- Bangalore (VA)
Bangalore, Feb 6: The Kudremukh Iron Ore Company Limited (KIOCL) is planning to set up steel factory investing Rs 8,000 crore in the state.
Company president K Ranganath said that the factory will be started on a partnership basis, the location for which has not yet been finalized. He was addressing the reporters at the second annual day celebrations of Vigilance Study Circle here.
Many firms have come forward to be the partners in the project. The lists of eligible firms are being prepared and there are plans to finalize partnership deal with the selected company in the next two months. Priority will be given to companies that own mines for the KIOCL has no mine of its own.