"IDCOL has submitted a proposal to SAIL offering 51 per cent of its share to SAIL. This proposal is presently under consideration of SAIL," Minister of State for Steel Vishnu Deo Sai said in written reply to Rajya Sabha.
IDCOL Kalinga Iron Works Ltd (IKIWL), erstwhile Kalinga Iron Works, is a wholly-owned subsidiary of the Industrial Development Corporation of Orissa Ltd (IDCOL), which is a Odisha government undertaking.
The plant is situated in the midst of richest iron ore and manganese ore deposits in Keonjhar district of Odisha, within the municipal area of Barbil.
It also manufactures cast iron pipes with an installed capacity of 31,200 tonnes per annum.
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