India-based pellet manufacturer KIOCL has announced that it produced 369,000 mt of pellet during the first quarter of the financial year 2011-12, ended on June 30, 2011, despite being dependent on iron ore fines supplied from Indian state-run iron ore miner NMDC. In the given period, KIOCL registered a profit before tax of INR 200 million ($4.08 million).
Chairman and managing director of KIOCL Shri K. Ranganath highlighted the company's significant achievements and the challenges the company has faced, such as allocation of captive mines and uninterrupted water supply to the pellet plant at Mangalore.
Additionally, KIOCL carried out expansion programs, covering a ductile iron pipe plant and a coke oven battery project.