Kudremukh Iron Ore Company
KIOCL Limited, formerly Kudremukh Iron Ore Company Limited, is a central public sector undertaking under the ownership of the Ministry of Steel, Government of India, with its head office and administrative activities in Bangalore. It has a pelletisation plant in Mangalore and an iron ore mine in Kudremukh (Chikkamagaluru district). The Kudremukh mine, one of the largest iron ore mines in the world, was closed in 2006.
| Company type | Central Public Sector Undertaking |
|---|---|
Traded as | BSE: 540680 NSE: KIOCL |
| Industry |
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| Founded | 1976 |
| Headquarters | Bangalore, India |
Key people | Shri T Saminathan Chairman and MD |
| Products |
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| Revenue | INR 497.3 million (2016-17) |
| Owner | Ministry of Steel, Government of India |
| Website | www.kioclltd.in |
The 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 and Dakshina Kannada up to the pelletisation plant in Panambur, adjacent to the premises of the New Mangalore Port.
The pellet plant, with a capacity of 3.5 million tons per annum, was commissioned at Mangalore in 1987. The plant was stopped in 2011 but in 2014, it resumed producing and exporting pellets, running on ores supplied by NMDC Limited. 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 the Bellary district.