KIOCL signed MoU for sale of Pellets to Emirates Steel MOU

KIOCL signed MoU for sale of Pellets to Emirates Steel

 

Bengaluru: KIOCL Limited, a Central PSU is engaged in the business of manufacturing of high-grade Iron Oxide Pellets. KIOCL has made use of its expertise of handling different types of ores to produce pellets and its locational advantage has entered into back to back contracts. This also has helped KIOCL to expand its exports to Iran, Japan, South Korea and Oman in addition to its regular domestic and international markets.
 
Shri MV Subba Rao, CMD, KIOCL during his visit to Dubai, has signed a tripartite MoU with Emirates Steel, Abu Dhabi and Star Global Dubai on 30th April 2019 for sale of high-grade Pellets to Emirates Steel.  
 
Participating in the discussion in 'Asian Conference on Metallics for Steel Making' at Dubai he stated that our Pellet Plant continued to perform better with the improved production, Sales Volume along with better capacity utilization under the implementation of 'Make in India' concept. 
 
The company has taken up many initiatives like multiple sourcing of raw materials, effective utilization of coastal transportation, indigenization of various raw materials/spares, proper inventory management system, stringent austerity measures etc., thereby reducing the input cost and increasing the realisation.


Posted Date :  01-05-19

Categories : MOU

Similar news

WAPCOS Exchanged an Agreement with Tanzania

New Delhi: Mr R K Agrawal, Chief Executive Director, WAPCOS exchanged Agreements with Prof. Kitila Mkumbo, Permanent Secretary, Ministry of Water, United Republic of Tanzania on 17th May 19 for preparation of Detailed Project Report and Project Management Consultancy for water supply to 28 towns
Posted Date :  21-05-19

Read more

SCI and MoS Signs an MoU FY 2019-20

New Delhi: The Memorandum of Understanding (MOU) for the year 2019-2020 was signed between Ministry of Shipping (MoS) and The Shipping Corporation of India Ltd (SCI) on 10th May 2019 at New Delhi. Shri Gopal Krishna, IAS, Secretary (Shipping) and Capt. Anoop Kumar Sharma, CMD, SCI, signed the Mo
Posted Date :  16-05-19

Read more

REC Foundation Signs an MoU with IEI Kolkata

New Delhi: REC Foundation (a Society registered for Rural Electrification Corporation Limited's CSR Initiatives) and the Institution of Engineers India (IEI) have signed an MoU for providing better facilities for Engineers on 8th May 2019. The MoU was signed by Shri S N Srinivas, CEO, REC Fou
Posted Date :  10-05-19

Read more

KIOCL signed MoU for sale of Pellets to Emirates Steel

Bengaluru: KIOCL Limited, a Central PSU is engaged in the business of manufacturing of high-grade Iron Oxide Pellets. KIOCL has made use of its expertise of handling different types of ores to produce pellets and its locational advantage has entered into back to back contracts. This also has help
Posted Date :  01-05-19

Read more

BEML Signs MoU with Syndicate Bank

Bangalore: Syndicate Bank and BEML Limited, have signed an MOU for financing Earth Moving & Construction Equipments manufactured by BEML.   This MOU was signed in the presence of Shri Ajay Vipin Nanavati, Chairman, Syndicate Bank, Shri Deepak Kumar Hota, CMD, BEML Limited, Shri Mrutyunja
Posted Date :  22-04-19

Read more

NTPC signed Term Loan of Rs. 2000 crore with Canara Bank

New Delhi: NTPC Limited, has signed a term loan agreement for Rs. 2000 crore with Canara Bank on 5th April 2019. The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital
Posted Date :  08-04-19

Read more

Synergy Between WAPCOS and NPCC

New Delhi: WAPCOS Limited and NPCC Limited have combined to derive synergy from their strengths of Engineering, Procurement and Construction to accelerate Water Resources, Power and Infrastructure projects in India and promote bilateral cooperation with other Countries under the guidance of Gover
Posted Date :  04-04-19

Read more

NRDC signed MoA with IOCL for Implementation of IOCL Startup Scheme

New Delhi: National Research Development Corporation (NRDC), has signed an MoA with Indian Oil Corporation Limited (IOCL), Faridabad for Implementation of IOCL Startup Scheme on 30th March 2019.   IOCL created a revolving fund of Rs. 30 Crores for each round of investment. In the first r
Posted Date :  03-04-19

Read more

ITI Inks MoU with CECRI-CSIR for Manufacturing of Lithium Ion Cells

Bangalore: ITI Limited has signed a Memorandum of Understanding (MoU) with Central Electro Chemical Research Institute (CECRI-CSIR), a leading Research Institute engaged in Electrochemical Research of Lithium lon cells with patents of different compositions for the year 2019-2020.    T
Posted Date :  28-03-19

Read more

PFC signs agreement to acquire majority stake in REC Limited

Power Finance Corporation Ltd. (PFC) has today signed a Share Purchase Agreement to acquire 103.94 crore equity shares of INR 10/- each, of REC Limited from the President of India constituting 52.63% of the paid-up share capital of REC Limited. This is a major milestone achieved by PFC, who is no
Posted Date :  22-03-19

Read more

NTPC Signs Pact with Indian Railways for Fly Ash Transportation

New Delhi: NTPC Limited on Thursday said it has teamed up with the Indian Railways for fly ash transportation, a move that will help enhance ash utilisation at Rihand and Vindhyachal Super Thermal Power plants.    NTPC has signed a Memorandum of Understanding (MoU) with Hazipur-based Ea
Posted Date :  15-03-19

Read more

AAI Signed an MoU with Government of U. P. for Kushinagar Airport

New Delhi: Airports Authority of India (AAI) signed a Memorandum of Understanding (MoU) with State Govt. of Uttar Pradesh for taking over the development and operationalisation of existing Kushinagar Airport belonging to State Govt. of Uttar Pradesh today. The MoU was signed by Shri Surya Pal Gan
Posted Date :  06-03-19

Read more