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The pellet production of KIOCL, a Central public sector undertaking, which manufactures and sells high-quality iron oxide pellets, has surpassed two million tonnes per annum (MPTA).
Speaking at the 43rd Company Day celebration at KIOCL corporate office, Chairman and Managing Director, MV Subba Rao said the company has produced 2.32 million tonnes of pellets and dispatched 2.30 million tonnes against the MoU target of 1.925 million tonnes under excellent category.
“For the first time, with bought-out ore, we have exported 1.45 million tonnes and also entered the markets of Japan and South Korea. The company has processed different types of ores and tuned the pellet plant to process any type of ore made available for production,” he said.
Rao gave credit to the employees for their team spirit, dedication and hard work with which the company could achieve its goal.
He said the firms primary focus should be to create new fountainheads of value-creation while continuing to expand existing ones.
Rao said KIOCL achieved the feat due to efficiency in production, swift decision-making in exploiting market opportunity and implementation of the Make in India concept.
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