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.