Company Profile

 
The Country’s prestigious 100% export oriented unit and Mini Rathna Company, KIOCL Ltd was Incorporated on 2nd April 1976.  Has its Pelletisation Complex and Pig Iron Complex at Mangalore, coastal city of Karnataka, is engaged in the business of manufacturing and exporting high quality Iron Oxide Pellets and supply of pig iron for domestic market. An ISO-9001: 2000, ISO-14001: 1996 certified Company also compliant with OHSAS: 18001:1999 certification for Occupational Hazards and Safety Management System, headquartered at Bangalore.

 The  annual capacity of the Pellet Plant is to produce about 3.5 million tonnes and 2.16 lakh tonnes of Pig Iron required by the discerning consumers from the steel industry worldwide and for the domestic market.

EXCELLENT TRACK RECORD OF PERFORMANCE

KIOCL’s performance record has been consistently good year after year and counted among the top ten PSUs, conferred with MOU AWARD for the year 1999-2000 and 2000-01 for achieving “Excellent” rating in achieving MOU targets for these years.

The Company has been conferred with Awards for achievements in different fields like  environmental conservation and rational utilisation of natural resources, Export, best performance, excellent organisation, Energy conservation, pollution control, etc.                               
                                                                                                                                                                             

• The KIOCL bagged the prestigious CAPEXIL Special Export Award instituted by CAPEXIL, in recognition of outstanding export performance of Iron Ore Concentrate & Iron Oxide Pellets for the year 2005-06.
• Export Excellence Award 2005-06 in Mineral and Mineral based Products sector, instituted by Federation of Karnataka Chambers of Commerce & Industry for the year 2005-06.
• FIMI Environment Award for outstanding achievement in Environment Management System for the year 2004-05.
• Ispat Rajbasha Shield Samman in recognition of remarkable progress in the field of Progressive use of Official language Hindi and its implementations.

Corporate Social Responsibility

Our commitment to address important societal needs is driven by our vision to contribute to the development of the communities that we operate in or have influence on our business activities. An essential component of our Corporate Social Responsibility is to care for the community. We endeavor to make a positive contribution to the under privileged communities by supporting a wide range of socio economic, educational and health initiatives. The Company spent more than its budgeted allocation on various activities carried out under CSR.

Future Initiatives

The Company has envisaged following projects for implementation for growth of the Company:

1. Installation of Horizontal Pressure Filters at Pellet Plant: To improve the productivity by reducing the moisture content in the pellet feed, installation of Horizontal Pressure Filter at the Pellet Plant is in progress. Purchase order has been placed on M/s Larox Corp., Finland for supply of three nos. Horizontal Pressure Filters and Auxiliary Equipments along with commissioning spares. The Lead time is 12 months.
   
   
   
2. Forward & Backward Integration at Blast Furnace Unit(BFU),Mangalore:
   To make Blast Furnace Unit a viable unit on stand alone basis, an Expression of Interest was floated invited various Interested Parties to set up various value added products such as Ductile Iron Spun Pipe (DISP), Coke Oven Battery with CPP etc. as a forward and backward integration. The Company simultaneously approached co-existing organizations in the Ministry of Steel. The response from both Public Sector and Private Sector entities were quite encouraging. As M/s RINL have evinced their interest for setting up of DISP plant, the Board of Directors thought fit to form a Joint Venture with them for setting up all value added products in a phased manner at BFU. We are in the process of fixing an agency for valuation of Blast Furnace Unit assets, in this regard.
   
   
   
3. Integrated Steel Plant (ISP) :
   State Government as a policy for granting mining lease clearly envisages that State is in favor of entrepreneurs establishing real value addition to iron ore like setting up Integrated Steel Plant within the State. In this direction, an Expression of Interest was floated for setting up 1.5 MTPA capacity Integrated Steel Plant on equity participation in the State Government of Karnataka in the I phase, which subsequently will be upgraded to 5.0 MTPA. In the proposed Jv, your Company proposed to take 26% equity stake. Against the said EOI, one offer from M/s URSIPL, a sister concern of M/s United Telecom Ltd. was received. Your Company has appointed M/s M N Dastur & Co. as Technical consultants for the project. The bid received from M/s URSIPL was forwarded to the Consultant for scrutiny and for techno-commercial recommendation. Based on the evaluation the Consultants have recommended to proceed further in the matter of drawing up the JV agreement with M/s URSIPL. The Board of Directors agreed to initiate the process for drawing up of the Joint Venture Agreement. The Consultants have been advised accordingly.
   
   
   
4. Chikkanaykanahalli Mining Lease:
   Government of Karnataka has accorded in principle approval for grant of mining lease over an area of 116.55 ha in Hombalghatta and Hosahalli villages in favor of KIOCL. MoEF, GOI, New Delhi has accorded the environmental clearance on I st July, 2009 for the same. The joint survey was carried out for demarcation of boundary. The Joint Survey sketch was forwarded to the Director of Mines and Geology, Bangalore. Subsequently some overlapping of blocks of allotment was observed. The matter is pending for issue of fresh sketch after incorporating the corrections of village boundaries. Once the formal orders are received from Govt. of Karnataka, the same will be submitted to Dy. Conservator of Forest, Tumkur for processing the DRP application of KIOCL.
   
   
   
5. Other Mining leases:
   The matters in respect of mining leases at Ramandurga Iron Ore Deposit in the state of Karnataka and Khandadhar Iron Ore deposit in the state of Orissa are under legal dispute. The Company has applied for fresh mining leases in other State's also and are pending for consideration.
   
   
   
6. Contractual Mining:
   The Company is in dialogue with M/s. Mahanadi Coalfields Limited, a subsidiary Company of M/s. Coal India Limited to allocate some of their coal blocks to KIOCL to undertake mining on contractual basis. The discussion is going on at the highest level, which in the event materializes, Company can gainfully utilize idle equipments and deploy trained manpower and generate sufficient revenue.
   
   
   
7. Acquisition of Tungabhadra Steel Products Limited, Hospet :
   The growth potential could be achieved through organic as well as inorganic ways like acquisition, merger etc. In this background, Company was. approached by Department of Heavy Industries, Govt. of India, for acquisition of M/s Tungabhadra Steel Products Limited. TSPL is a sick Company engaged in the business of structural fabrication. TSPL is also having a mini hydel plant, situated about 200 kms. from Hospet plant. This mini hydel plant generates about 5.5 million units per year. TSPL has nearly 88 acres of land at Hospet which can be gainfully utilized in case the mining lease for Ramandurga Iron deposit is obtained by your Company. Discussions with Govt. of India are under progress.
   
   
   
8. Kudremukh Mine :-
   The Hon'ble Supreme Court vide its verdict dated 30th October 2002, had allowed mining till the end of 2005 by which the weathered secondary ore available in the already broken up area should be exhausted. An approximate quantity of such ore available was 54 million tons.
   
   Due to paucity of time your Company could mine only 30 million tons and as such the remaining secondary weathered ore is still lying in the broken up area. Further, the Company's request for extension of time for mining the balance secondary ore in already broken-up area vide Rejoinder Return Submission dated 13.11.2006 was not agreed to by the Hon'ble Court.
   
   Exposure of the same to subsequent monsoon has resulted erosion of the material towards check dams. There has been series of bench slopes resulting in land slide.
   
   The Hon'ble Supreme Court had directed Ministry of Mines to designate an officer to take over the possession of the mine immediately and also had directed IIT Delhi to take necessary steps to address the above issues. But till date none of the above activities have been carried out.
   
   In view of the safety of the mines and to safeguard the environment and ecology it is high time for taking up the protective measures with due permissions from the Hon'ble Supreme Court.