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Rashtriya Ispat Nigam Limited(RINL), the corporate entity of Vizag Steel, and Kudremukh Iron Ore Company Limited(KIOCL) signed a memorandum of understanding (MoU) to set up a joint-venture company for a pellet plant project adjacent to the steel plant at Visakhapatnam.

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A pellet plant contains a series of balling drums where the iron ore concentrate is formed into soft pellets, in much the same manner that one rolls a snowball, to make a pellet about the size of a marble (between 1/4" and 1/2").

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