The word “Pellet” was made to known to the Indian steel sector by KIOCL Limited (formerly Kudremukh Iron Ore Company Limited) in the early part of 80s. Later the name Kudremukh has become a synonym for the word pelletisation by setting up the first pellet plant in India.
Though stepping into the 39th year of inception, KIOCL is striving hard to survive without a captive mines. Till date KIOCL is the decisive leader in Indian pellet market. Today, in-spite of all the hurdles, KIOCL limited is moving ahead with the positive note.
On diversification front, KIOCL limited has signed a Memorandum of Understanding with M/s National Mineral Development Corporation and Rashtriya Ispat Nigam Limited for setting up of 8.0 Million tones per annum filtration plant along with 6.0 Million tones per annum pellet plant and 13.0 Million tones per annum at Vishakapattanam.
Coming to economics, Indian economy has slowed down in the last 12 months and some of the sectors including the automotive and capital goods have been faced with demand slowdown that is unlikely to turnaround quickly. The Chinese economy too has witnessed a moderation in its growth rate and it is widely expected that following the political transition, China would look at rebalancing the economy to a sustainable level. As per the study, economy is expected to improve in the mid of 2014.
After China, Iran is the next potential market for Indian Pellet manufacturers. KIOCL is exploring all possible ways to market the pellets in the gloomy economy and sickening steel sector. Our erstwhile customer Iran is one such option opened for KIOCL in the recent days. Sri Malay Chatterjee, KIOCL CMD along with Sri MV Subba Rao, Director(Commercial) led a high level delegation to Teheran and held discussion with Mobarakch Steel Company (MSC), Isfahan, Iran on 17.03.2014 and Esfahan Steel Company(ESCo) on 18.03.2014. Mobarakch Steel Company is state owned company with an installed capacity of 8 MTPA. Esfahan Steel Company is the second largest company with a capacity of 3.5 MTPA. The visit may open up new business opportunities of direct trading of pellets to KIOCL Limited.
KIOCL inks MoU with the Ministry of Steel at New Delhi on 25.03.2014 setting out the various physical and financial targets for the year 2014-15. The MoU was signed by Sri G Mohan Kumar, Secretary to the Government of India, Ministry of Steel and Sri Malay Chatterjee, CMD in the presence of the functional directors of the company and senior officials of the ministry.
As part of CSR activities, KIOCL lends helping hand to the neighbors. KIOCL provided additional infrastructural facilities to the Rangamandira and Anganawadi of Sri Krishna Anganawadi and Rangamandira Renovation committee, Chitrapura, Kulai. Sri N Vidyananda, Director (Production and Projects) handed the committee members a cheque of Rs. 4.00 lakhs. The community hall will help the people for gathering during important events.
Though stepping into the 39th year of inception, KIOCL is striving hard to survive without a captive mines. Till date KIOCL is the decisive leader in Indian pellet market. Today, in-spite of all the hurdles, KIOCL limited is moving ahead with the positive note.
On diversification front, KIOCL limited has signed a Memorandum of Understanding with M/s National Mineral Development Corporation and Rashtriya Ispat Nigam Limited for setting up of 8.0 Million tones per annum filtration plant along with 6.0 Million tones per annum pellet plant and 13.0 Million tones per annum at Vishakapattanam.
Coming to economics, Indian economy has slowed down in the last 12 months and some of the sectors including the automotive and capital goods have been faced with demand slowdown that is unlikely to turnaround quickly. The Chinese economy too has witnessed a moderation in its growth rate and it is widely expected that following the political transition, China would look at rebalancing the economy to a sustainable level. As per the study, economy is expected to improve in the mid of 2014.
After China, Iran is the next potential market for Indian Pellet manufacturers. KIOCL is exploring all possible ways to market the pellets in the gloomy economy and sickening steel sector. Our erstwhile customer Iran is one such option opened for KIOCL in the recent days. Sri Malay Chatterjee, KIOCL CMD along with Sri MV Subba Rao, Director(Commercial) led a high level delegation to Teheran and held discussion with Mobarakch Steel Company (MSC), Isfahan, Iran on 17.03.2014 and Esfahan Steel Company(ESCo) on 18.03.2014. Mobarakch Steel Company is state owned company with an installed capacity of 8 MTPA. Esfahan Steel Company is the second largest company with a capacity of 3.5 MTPA. The visit may open up new business opportunities of direct trading of pellets to KIOCL Limited.
KIOCL inks MoU with the Ministry of Steel at New Delhi on 25.03.2014 setting out the various physical and financial targets for the year 2014-15. The MoU was signed by Sri G Mohan Kumar, Secretary to the Government of India, Ministry of Steel and Sri Malay Chatterjee, CMD in the presence of the functional directors of the company and senior officials of the ministry.
As part of CSR activities, KIOCL lends helping hand to the neighbors. KIOCL provided additional infrastructural facilities to the Rangamandira and Anganawadi of Sri Krishna Anganawadi and Rangamandira Renovation committee, Chitrapura, Kulai. Sri N Vidyananda, Director (Production and Projects) handed the committee members a cheque of Rs. 4.00 lakhs. The community hall will help the people for gathering during important events.
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