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KIOCL sets pellet production target at 2.6 million tonnes for 2019-20

Steel News - Published on Mon, 11 Mar 2019

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Business Line reported that KIOCL Ltd, formerly Kudremukh Iron Ore Company Ltd, is targeting pellet production of 2.6 million tonnes per annum in the next financial year. MV Subba Rao, CMD of KIOCL Ltd, told BusinessLine that the “Company was expecting to match the last financial year’s pellet production of 2.327 million tonne, this year also. We are targeting 2.6 million tonnes for 2019-20.”

Mr Rao said the performance of KIOCL has been improving steadily in the last three-four years due to initiatives taken by the management with the support of the Union Steel Ministry. He said the company was in the process of upgrading the technology and logistic system of the pellet plant. It has earmarked around INR 200 crore for modernising the pellet plant in Mangaluru.

The pellet production of the company stood at 0.1 million tonnes and 1.46 million tonnes in 2015-16 and 2016-17, respectively. The installed capacity in Mangaluru is 3.5 MTPA.

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Posted By : Rabi Wangkhem on Mon, 11 Mar 2019
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