 | |
| Company type | Central Public Sector Undertaking |
|---|---|
| BSE: 540680 NSE: KIOCL | |
| Industry |
|
| Founded | 1976 |
| Headquarters |  Bangalore,India |
Key people | Shri T SaminathanChairman andMD[1] |
| Products |
|
| Revenue |  INR 497.3 million (2016-17)[2] |
| Owner | Ministry of Steel,Government of India |
| Website | www.kioclltd.in |
KIOCL Limited, formerlyKudremukh Iron Ore Company Limited, is acentral public sector undertaking under theownership of theMinistry of Steel,Government of India, with its head office and administrative activities inBangalore.[3] It has apelletisation plant inMangalore and an iron ore mine inKudremukh (Chikkamagaluru district). The Kudremukh mine, one of the largest iron ore mines in the world, was closed in 2006.
Thecaptive mining took place at Kudremukh on theWestern Ghats range. The mined ore was transported 110 km through slurry pipelines running through the districts ofUdupi andDakshina Kannada up to the pelletisation plant inPanambur,[3] adjacent to the premises of theNew Mangalore Port.
The pellet plant, with a capacity of 3.5 million tons per annum, was commissioned at Mangalore in 1987.[3] The plant was stopped in 2011 but in 2014, it resumed producing and exporting pellets, running on ores supplied byNMDC Limited.[4] The pellets have been shipped to countries like China, Iran, Japan, and Taiwan.
In 2017, there were plans to restart captive mining operations, now atSanduru in theBellary district.[5][2]
In 2016, KIOCL planned to develop a commercial resort in the Kudremukh National Park, refurbishing some of its unused buildings since the closure of the mine. The project had not obtained an environmental clearance. In October 2016 theMinistry of Environment and Forests ordered to stop the work immediately.[6]
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