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KIOCL Ltd Update on Iron Ore Pellet Production in 2019-20

Steel News - Published on Fri, 03 Apr 2020

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ToI reported that KIOCL Ltd ended fiscal year 2019-20 with production of 2.375 million tonnes of pellets against 2.238 million tonnes in previous FY and dispatched 2.356 million tonnes as against 2.206 million tonnes in FY 2018-19. The export market helped KIOCL Ltd improve performance of the company. KIOCL CMF Mr MV Subba Rao said the company has processed different types of ores received from different locations including iron ore slime to make charge mix economically viable.

About company’s endeavour to continuously explore opportunities to create new epicentres of growth, Rao stated this performance is appreciable as a merchant pellet producer in the absence of captive raw material source after incurring huge logistic cost in moving iron ore from east coast to its pellet plant in Mangaluru to West coast of India. KIOCL Ltd is totally depending on 100% coastal movement for all inward and outward materials.

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Posted By : Rabi Wangkhem on Fri, 03 Apr 2020
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