State-run KIOCL has signed an MoU with Glencore International AG for supply of iron ore pellets. Glencore will further supply the pellets to South Korean, European and non-Chinese markets. The MoU will remain valid for one year. KIOCL operates a 3.5 mn t/year pellet plant in Mangalore, Karnataka. The company’s pellet production stood at 2.21 mn t in FY’21.
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