New Delhi: State-run KIOCL Limited has got a clearance from the Environment Ministry to set up a Non-Recovery Coke Oven Plant with Cogen Captive Power Plant and Ductile Iron Spun Pipe (DISP) within the existing premises of Blast Furnace Unit at Mangalore, the PSU said in a filing to the stock exchanges on Friday.
The filing said that the clearing was granted by the ministry on February 27 under the provisions of Environmental Impact Assessment (EIA) Notification, 2006.
"Ministry of Environment, Forest and Climate Change, Govt. of India, vide letter dated 27.02.2020, with the recommendations of Expert Appraisal Committee (EAC), has accorded Environmental Clearance (EC), under the provisions of Environmental Impact Assessment (EIA) Notification 2006, for setting up of Non-Recovery Coke Oven Plant. (0.18 MTPA) with Cogen Captive Power Plant (10MW) and Ductile Iron Spun Pipe (DISP) (0.2 MTPA) within the existing premises of Blast Furnace Unit at Mangalore, subject to specific conditions stated in aforesaid approval letter and sector specific general conditions as per the Ministry's Office Memorandum No. 22-34/2018- IA.III dated 09/08/2018," the filing said.
In non-recovery coke plants, originally referred to as beehive ovens, the coal is carbonised in large oven chambers. The carbonisation process takes place from the top by radiant heat transfer and from the bottom by conduction of heat through the sole floor.
KIOCL has over four decades of experience in Iron Ore Mining, Beneficiation and Iron–Oxide Pelletisation. It has facilities to operate 3.5 MTPA Iron-oxide Pellet Plant, Blast Furnace Unit to manufacture 2.16 lakh tonnes per annum Pig iron at Mangaluru, Karnataka.
KIOCL shares were trading on BSE at Rs 105 last as compared to the previous close of Rs 104.05. The total number of shares traded during the day was 610 in over 35 trades.
The stock hit an intraday high of Rs 108.8 and an intraday low of 102. The net turnover during the day was Rs 62,885.