Mangaluru, Oct 20: KIOCL Chairman and Managing Director (CMD) Subba Rao on Tuesday said that after obtaining statutory clearance for operation of Devadari mines, the company had been planning to set up 2.0 MTPA beneficiation and 2.0 MTPA pelletisation plant, which will generate employment for the local youth.
Union Minister of State for Steel, Faggan Singh Kulaste also visited Kudremukh Iron Ore Company Limited (KIOCL) and reviewed its performance.
The Union Minister also studied efforts made towards implementation of new projects and the bottlenecks faced during the execution of projects.
The minister in turn emphasised that KIOCL has done pioneering work in the field of iron ore mining and beneficiation of magnetite ore in Karnataka and is a leader in the country for pelletisation. He further stressed that the centre is placing thrust on increased utilisation of pellets as a raw material in blast furnaces and sponge iron industry in the country. KIOCL can contribute immensely in utilising these resources in the national interest.
The minister lauded the efforts made by KIOCL in entering the field of solar energy and the setting up a 5 MW solar power plant in Tumakuru district.