Jindal to build iron ore pelletising plant in Oman

10 October 2016

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