KIOCL (formerly known as Kudremukh Iron Ore Company Limited) has come a long way since the closure of its Kudremukh mine by an order of the Supreme Court in 2005.
KIOCL, since then, has embarked on an aggressive expansion and diversification plan. Today, it has its plate full, after being granted a mining lease in the Devadari range in Bellary, Karnataka, with a slew of projects under its belt. These include a 2 mtpa iron ore beneficiation plant and 2 mtpa iron oxide pelletisation plant here, as well as a pellet plant in Vizag and DI pipes and coke oven plants at Mangaluru. The pellet plant to be set up at Vizag will be as a JV with RINL. The government-owned company has also expanded its business scope by entering into operations and maintenance contracts and mineral explorations, M V Subba Rao, Chairman-cumManaging Director, KIOCL Limited, tells Madhumita Mookerji
What is the present installation capacity of KIOCL’s Mangaluru plant and capacity utilisation?
KIOCL Limited is a flagship company under the Ministry of Steel, Government of India. It was formed on April 2, 1976 for mining and beneficiation of low grade iron ore at Kudremukh, Karnataka.
KIOCL has been a pioneer with over 4 decades of experience in operations in iron ore mining, beneficiation and ironoxide pelletisation in the country. KIOCL currently operates a 3.5-million tons per annum (MTPA) iron-oxide pellet plant and has a blast furnace unit for manufacturing 2.16 lakh tons per annum of foundry grade pig iron at Mangaluru, Karnataka.
What was the volume of pellets production in the last fiscal? What is the volume of production targeted in fiscal year 2018-19?
Although our target for 2017-18 was 1.9 million tons (mt), the total pellet production achieved exceeded the target to touch 2.33 mt and the despatched volume was 2.30 mt, out of which 1.46 mt was sold in the export market. This was the highest quantity of pellets produced and despatched since closure of the Kudremukh mines at the end of December 2005.
Denne historien er fra July 2018-utgaven av Steel Insights.
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Denne historien er fra July 2018-utgaven av Steel Insights.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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