State-owned pellet maker – KIOCL (Kudremukh Iron Ore Company Ltd) recorded FY20 pellet sales at 2.356 MnT. The dispatches increased 7% as against 2.206 MnT in FY19. MV Subba Rao, CMD, KIOCL Ltd. stated that export market has helped to improve performance of the company.
MV Subba Rao, CMD, KIOCL Ltd. stated that “this performance is highly appreciable as a merchant pellet producer in the absence of captive raw material source after incurring huge logistic cost in moving the Iron Ore from East coast to our Pellet Plant at Mangaluru at the west coast of India. However, Company is totally depending on 100% coastal movement for all inward and outward material.”
The total pellet production for the fiscal year recorded at 2.375 MnT, up 6% against 2.238 MnT in FY’19.
KIOCL in last quarter FY20 received clearance for setting up of Ductile Iron Spun Pipe (DISP) of 0.2 MTPA in Mangalore.
The Ministry of Environment, Forest and Climate Change, Govt. of India, with the recommendations of Expert Appraisal Committee (EAC), has accorded Environmental Clearance (EC), under the provisions of Environmental Impact Assessment (EIA) Notification 2006, for setting up of Non-recovery coke oven plant (0.18 MTPA) with cogen captive power plant (10MW) and ductile iron spun pipe (DISP) (0.2 MTPA) within the existing premises of blast furnace unit at Mangalore. The clearance is subject to specific conditions stated in an approval letter and sector specific general conditions as per the Ministry of Environment, Forest and Climate Change’s Office Memorandum.
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