KIOCL has initiated negotiations with major global Steel Manufacturers for entering into long term and spot market for sale of pellets for the next financial year.
KIOCL is expanding its business by setting up of Pellet Plants throughout India wherever market and raw material security exists. The company is expected to complete all approved Projects i.e. Development of Mine, Modernization of Pellet Plant & Blast Furnace Unit which may get completed within a time span of 2-2 ½ years if all the statutory clearances are received in-time.
KIOCL is Asia’s largest iron ore mining and pelletisation complex and the country’s biggest 100% export oriented unit engaged in the business of exporting high quality iron oxide pellets and pig iron.