SPS group to set up 1.2 mt/year pellet plant; floats new steel co

摘要

Kolkata-headquartered SPS group is setting up 1.2 million tonnes per annum (mpta) pellet plant, a 1.7 mpta iron ore fines beneficiation unit, a 0.5 mpta coke oven and a 110 MW captive power plant at Mejia in Bankura district of West Bengal at a total cost of Rs 2,000 crore. Mr Bipin Kumar Vohra, Chairman of the group, told reporters on Thursday that the group has floated a new entitiy - SPS Steel & Power Ltd - with an equity base of Rs 700 crore.