KIOCL Limited Despite Lockdown Registered Spectacular Financial Performance
Indian Economy & Market|October 2021
KIOCL Limited, (Previously known as Kudremukh Iron Ore Company Ltd.), a Flagship Company under the Ministry of Steel, was formed in 1976 for mining and beneficiation of low-grade iron ore at Kudremukh, at Chikkamagaluru district of Karnataka. The Company was conferred with Mini Ratna status in 1999. The country’s prestigious Export Oriented Unit (EOU) has its Pelletisation Complex and Pig Iron Complex (Blast Furnace Unit) at Mangalore and engaged in the business of manufacturing high quality Iron Ore Pellets for export and domestic market and supply of foundry grade pig iron in domestic market.

Shri T. Saminathan, Chairman & Managing Director of KIOCL Limited, shares his views with the Indian Economy & Market about the current scenario and future plans. He has cut his professional teeth at KIOCL and has more than three decades of experience in the field of iron ore mining, Beneficiation, Pelletization, and Pig iron making. Besides bringing tolling concept which has resulted in increased capacity utilization of Pellet Plant, he has also put in system improvement in supply chain and logistics, framed and implemented Risk Management Policy across the organization, instrumental for e-procurement through service provider MSTC and GeM Portal procurement.

The company has a rich legacy. Please let us know the journey so far?

The Company was set up to mine low-grade magnetite iron ore at Kudremukh. The mine was developed to produce 22.5 million tons of ROM per year and beneficiation plant facilities to produce 7.5 million tons of Iron ore concentrate per year. This was considered to rank among the largest mines of Iron ores across the world. The entire operation was automated using a real-time online process computer, controlling equipment from crushing, conveying, beneficiation, and pumping of iron ore slurry to Mangalore. The transportation of iron ore slurry from Kudremukh to Mangalore through an eco-friendly pipeline of over 67 KM laid underground instead of conventional rail/ road transportation.

The Pig Iron Complex, which was commissioned in early 2001, has an annual production capacity of around 2.16 Lakhs tones. After the closure of operations from 2006 as per the Supreme Court ordered the company is producing Iron Ore Pellets by procuring iron ore from other sources of supply, mainly from NMDC.

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