KIOCL planning to open its pellet plant in Mangaluru to vendors
The Hindu
It is in talks with some companies in Oman and South Korea
KIOCL, a Union government undertaking, has plans to open up its pellet manufacturing plant in Mangaluru to its vendors who supply iron ore fines or concentrates, and buy back the pellets.
Addressing mediapersons in Mangaluru on September 17, Chairman-cum-Managing Director (CMD) T. Saminathan, who took charge on September 7, said, “We will manufacture pellets for raw material suppliers. The company will sell back the pellets to suppliers by retaining the margin of manufacturing.”
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