KIOCL Ltd (formerly Kudremukh Iron Ore Company Ltd) is finalising long-term plans with substantial capital investment for greenfield projects in Karnataka and Andhra Pradesh to lead the pelletisation thrust in the country, according to Subba Rao, Chairman and Managing Director (additional charge) and Director (Commercial) of the company.
He was speaking at the ‘Run for Unity’ programme at KIOCL’s corporate office in Bengaluru on Tuesday.
A presentation was made on the expansion and diversification plan of the company, along with plans for ‘Vision 2020-22’, before the Union Steel Minister, Chaudhary Birender Singh, on the occasion, said a press release here.
Rao thanked the Steel Ministry for rendering its support to secure the operation and maintenance contract from NMDC for its 1.89 million tonne beneficiation and 1.20-million tonne pelletisation plants at Donimalai mines in Karnataka.
Speaking on the occasion, Singh said that KIOCL, which has done pioneering work in the field of iron-ore mining and beneficiation of magnetite ore in Karnataka, has been a leader in pelletisation in the country.