Southern Ispat to set up pelletisation plant in Madhya Pradesh
Steel producer Southern Ispat & Energy is planning to enter into backward integration by setting up a pelletisation plant with 1.2 million tonne capacity in Chattarpur, Madhya Pradesh. With an estimated investment of Rs 300 crore the plant is set to come on stream by April 2014. A senior company official said that "SIEL will invest Rs 150 crore in the first phase. The remaining investment would be done in the second phase.