India's state-run iron ore pellet maker KIOCL Limited has restarted the operations of Pellet Plant at Mangalore on 24 November 24 after Indian government removed 45% duty on exports of iron ore pellets.Earlier on 23 August, KIOCL, after only 11 days of restart of operations at its 3.5 million tonnes per year pellet plant at Mangalore in Karnataka on 12 August 2022, had shut the operation due to shed’s full condition, resulting out of lack of demand in domestic market and unviability in international market in view of levy of duty on export of pellets. KIOCL had initially shut the pellet plant in June after the imposition of 45% export tax by the government.KIOCL Limited, formerly Kudremukh Iron Ore Company Limited, is a government owned iron ore producer under Steel Ministry with its head office and administrative activities in Bangalore. It has a pelletization plant in Mangalore and had an iron ore mine in Kudremukh. It was setup in 1976 for mining and beneficiation of low grade iron ore at Kudremukh in Karnataka. KIOCL is having facilities to operate 3.5 million tonne per annum iron ore pellet plant & blast furnace to manufacture 0.216 million tonnes per annum pig iron at Mangalore
India's state-run iron ore pellet maker KIOCL Limited has restarted the operations of Pellet Plant at Mangalore on 24 November 24 after Indian government removed 45% duty on exports of iron ore pellets.Earlier on 23 August, KIOCL, after only 11 days of restart of operations at its 3.5 million tonnes per year pellet plant at Mangalore in Karnataka on 12 August 2022, had shut the operation due to shed’s full condition, resulting out of lack of demand in domestic market and unviability in international market in view of levy of duty on export of pellets. KIOCL had initially shut the pellet plant in June after the imposition of 45% export tax by the government.KIOCL Limited, formerly Kudremukh Iron Ore Company Limited, is a government owned iron ore producer under Steel Ministry with its head office and administrative activities in Bangalore. It has a pelletization plant in Mangalore and had an iron ore mine in Kudremukh. It was setup in 1976 for mining and beneficiation of low grade iron ore at Kudremukh in Karnataka. KIOCL is having facilities to operate 3.5 million tonne per annum iron ore pellet plant & blast furnace to manufacture 0.216 million tonnes per annum pig iron at Mangalore
