Indian state run iron ore pellet maker KIOCL Limited has suspended operations at its Mangalore iron ore pellet plant as it has been rendered unviable following the recent imposition of 45% export tax. KIOCL's Mangalore pellet plant located in the southern state of Karnataka has a production capacity of 3.4 million tonnes per year and produced 2.07 million tonnes in the fiscal year 2021-22.In the fiscal year 2019-20, the company had achieved it’s highest-ever exports of pellets at 1.99 million tonnes or 84% of its total production in the year. KIOCL has exported pellets to major markets including Oman, South Korea, Austria, Iran, Japan and Poland.
Indian state run iron ore pellet maker KIOCL Limited has suspended operations at its Mangalore iron ore pellet plant as it has been rendered unviable following the recent imposition of 45% export tax. KIOCL's Mangalore pellet plant located in the southern state of Karnataka has a production capacity of 3.4 million tonnes per year and produced 2.07 million tonnes in the fiscal year 2021-22.In the fiscal year 2019-20, the company had achieved it’s highest-ever exports of pellets at 1.99 million tonnes or 84% of its total production in the year. KIOCL has exported pellets to major markets including Oman, South Korea, Austria, Iran, Japan and Poland.