Delinker at 15:28, 25 July 2023

2023-07-25T15:28:57Z

New page

{{Use dmy dates|date=October 2018}}
{{Use Indian English|date=October 2018}}
{{Infobox company
| name = KIOCL Limited
| owner = [[Government of India]] (98%)
| parent = [[Ministry of Steel]], [[Government of India]]
| logo =
| type = [[Government of India|Government of India Enterprise]]
| traded_as = {{BSE|540680}} <br/>{{NSE|KIOCL}}
| foundation = 1976
| location = [[File:Flag of India.svg|20px]] [[Bangalore]], [[India]]
| key_people = Shri S K Gorai [[Chairman]] and [[Managing Director|MD]]<ref>{{cite web |title= Our Chairman |url= https://www.kioclltd.in/user/cms/47 |publisher= KIOCL Limited |access-date= 16 October 2017 }}</ref>
| industry = {{unbulleted list|Iron making|Mining}}
| products = {{unbulleted list||Iron oxide pellets|[[Pig iron]]}}
| revenue = [[File:Green Arrow Up.svg|12px]] [[Indian rupee|INR]] 497.3 million (2016-17)<ref name="AR2017">{{cite web |title= Annual Report |url= https://www.kioclltd.in/user/cms/39 |at= Annual Report 2016-2017 |publisher= KIOCL Limited |access-date= 16 October 2017 }}</ref>
| subsid =
| homepage = [https://www.kioclltd.in www.kioclltd.in]
| footnotes =
}}

'''KIOCL Limited''', formerly '''Kudremukh Iron Ore Company Limited''' is a [[Government of India|government owned iron ore producer]] with its head office and administrative activities in [[Bangalore]].<ref name="Origin">{{cite web |title= Origin of KIOCL |url= https://www.kioclltd.in/user/cms/274# |publisher= KIOCL Limited |access-date= 16 October 2017 }}</ref> It has a [[Pelletizing|pelletisation]] plant in [[Mangalore]] and had an iron ore mine in [[Kudremukh]] ([[Chikkamagaluru district]]). It is under the [[ownership]] of [[Ministry of Steel]] , [[Government of India]]. The Kudremukh mine, one of the largest iron ore mines in the world, was closed in 2006.

The [[Captive service|captive]] mining took place at Kudremukh on the [[Western Ghats]] range. The mined ore was transported 110 km through slurry pipelines running through the districts of [[Udupi district|Udupi]] and [[Dakshina Kannada]] up to the pelletisation plant in [[Panambur]],<ref name="Origin"/> adjacent to the premises of the [[New Mangalore Port]].

[[File:Iron Ore factory.jpg|thumb|The Kudremukh Iron Ore Company Ltd. plant in Mangalore]]

The pellet plant with a capacity of 3.5 million tons per annum was commissioned at Mangalore in 1987.<ref name="Origin"/> The plant was stopped in 2011 but in 2014 the plant resumed producing and exporting pellets, running on ores supplied by [[National Mineral Development Corporation|NMDC Limited]].<ref>{{cite web |title= After 7 years, Kudremukh Iron Ore Company Limited comes to life again |url= http://www.dnaindia.com/bangalore/report-after-7-years-kudremukh-iron-ore-company-limited-comes-to-life-again-1949608 |publisher= DNA India |access-date= 16 October 2017 |date= 12 January 2014 }}</ref> The pellets have been shipped to countries like China, Iran, Japan, and Taiwan.

In 2017 there were plans to restart captive mining operations, now at [[Sanduru]] in [[Ballari district|Bellary district]].<ref>{{cite web |title= KIOCL Ltd to restart mining in Bellary |url= http://www.thehindubusinessline.com/companies/kiocls-pellets-production-jumps-to-1460-mt-in-201617/article9837935.ece |publisher= The Hindu Business Line |access-date= 16 October 2017 |date= 31 August 2017 }}</ref><ref name="AR2017"/>

== Controversies ==
The mining lease was given to KIOCL in Kudremukh for a period of 25 years and was supposed to be closed by December 2001.{{Citation needed|date=October 2017}} Kudremukh area is a biodiversity hotspot, with [[Kudremukh#National park|Kudremukh national park]] nearby. The mining lease was temporarily extended, however, it was completely stopped in 2006 due to environmental reasons.

In 2016 KIOCL planned to develop a commercial resort in the Kudremukh national park, refurbishing some of its buildings, unused since the closure of the mine. The project had not obtained an environmental clearance. In October 2016 the [[Ministry of Environment, Forest and Climate Change|Ministry of Environment and Forests]] ordered to immediately stop the work.<ref>{{cite web |title= KIOCL ordered to terminate work on resort in Kundremukh National Park |url= http://www.thehindu.com/news/national/karnataka/KIOCL-ordered-to-terminate-work-on-resort-in-Kundremukh-National-Park/article16442982.ece |publisher= [[The Hindu]] |access-date= 16 October 2017 |date= 12 November 2016 }}</ref>

== References ==
{{Reflist}}

== General references ==
* [https://www.kioclltd.in/user/cms/116 Company overview] KIOCL Limited.
* [http://steel.gov.in/sites/default/files/Brief%20Overview%20of%20KIOCL%20Limited.pdf Brief overview of KIOCL limited] Ministry of Steel, Government of India.

{{Steel industry of India}}
{{Public Sector Undertakings in India}}

{{authority control}}

[[Category:Iron ore mining companies of India]]
[[Category:Companies based in Mangalore]]
[[Category:Non-renewable resource companies established in 1976]]
[[Category:Indian companies established in 1976]]
[[Category:Mining in Karnataka]]
[[Category:1976 establishments in Karnataka]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Kudremukh Iron Ore Company - Revision history

Delinker at 15:28, 25 July 2023