Friday,July01, 2011
KIOCL Ltd is likely to add a significant share to cargo handling at New Mangalore Port Trust, if production plans at its iron ore pellet plant in Mangalore are any indication.
KIOCL is one of the major users of the port.
In a chat with Business Line here, Mr K Ranganath CMD of KIOCL Ltd has said the company is hopeful of producing around 3 million tonnes of iron ore pellets during 2011-12. He added that “If we can do this amount, it will be almost 60 shipments a year from the port here."
Mr Ranganath said that the Mangalore pellet plant will be able to produce more after it is modified.
Mr Ranganath said the company supplies around 40% of its production to the domestic market, while the rest is exported.
The New Mangalore Port handled 2.76 million tonnes of iron ore pellets during 2010-11 as against 1.5 million tonnes in 2009-10. The port handled 0.93 million tonnes of iron-ore fines cargo during 2010-11 as against 5.2 million tonnes in the previous fiscal.
The company it had stopped mining on December 31st 2005, at Kudremukh in Chikmagalur district of Karnataka following a Supreme Court order is now procuring the ore from public-sector NMDC Ltd and some private miners. (sourced from BL)
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