India: KIOCL surpasses pellet production and sales target in Q1 FY’21

Kudremukh Iron Ore Company Ltd (KIOCL) surpassed the pellet production guidance in Q1 FY’21 by achieving output of 0.511 mn t against target of 0.49 mn t. The pellet maker also crossed the sales target achieving volume of 0.568 mn t in Q1 against the set guidance of 0.45 mn t. 0.521 mn t was sold in overseas market, while remaining 0.047 mn t was sold in local market, SteelMint learnt from company’s press release.