Tata Steel KZN, a South African arm of Tata Steel, has revealed that it has opened a new briquette plant in the industrial port of Richards Bay, South Africa.

According to the sources, the proposed plant is ready for use earlier this week.

Briquette, which is used for kindling, is a block of coal dust, charcoal and sawdust or wood chips.

Kindling is a material for starting a fire, especially small pieces of dry wood.

The source further revealed that the project is not only reduce unemployment in the region, but it will also improve the quality of life of the local people.

According to the company officials, the briquette technology is considered environmentally friendly, compared to other technologies of agglomeration.

Scrip of Tata Steel settled well (on Wednesday, 29 October ) at Rs 187, up 2.49 percent on Bombay Stock Exchange (BSE).The total volume of shares traded was 2,826,642 at the BSE.