Kudremukh Iron Ore Company Ltd.
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| Kudremukh Iron Ore Company Ltd (KIOCL) | |
|---|---|
| Type | PSU |
| Founded | 1976 |
| Headquarters |  Mangalore, India |
| Key people | P.Ganeshan Chairman and MD |
| Industry | Mining |
| Products | Iron ore concentrates & Iron oxide pellets |
| Revenue |  INR 3.637 billion (2006-07) |
| Website | http://kudremukhore.co.in |
Kudremukh Iron Ore Company Ltd is a Govt of India enterprise having its head office in Bangalore. It has iron ore mines in Kudremukh on the Western Ghats and a pelletisation plant in Mangalore.
The administrative activities of KIOCL are carried out from Bangalore. The actual mining takes place at western ghats at a pace called kudremukh. The mined ored is transported through pipelines running through districts of Udupi and Dakshina Kannada up to the plant in Panambur, adjacent to the premises of New Mangalore Port in Mangalore. The ore is pelletised in the pelletisation plant. These pellets are exported to countries like China, Iran, Japan, Taiwan, etc by ships.
The Pellet Plant with a capacity of 3 million ton per annum was commissioned at Mangalore in 1987. Later on the capacity was increased to four million ton per year.
[edit] Controversies
The mining lease was given to KIOCL in Kudremukh for an initial period of 25 years and was supposed to be closed by Dec 2001. However It had to face the ire of environmentalists as Kudremukh area is a biodiversity hotspot. There is also a Kudremukh national park nearby. The mining lease was temporarily extended. However, it was completely stopped in Dec 2005. Now, th plant runs on ores supplied by National Mining Development Corporation (NMDC).
