India’s KIOCL to invest $29 million to upgrade pellet plant

Monday, 20 May 2019 10:46:16 (GMT+3)   |   Kolkata

India’s state-run miner KIOCL (formerly Kudremukh Iron ore Company Limited) will invest an estimated $29 million to modernize and upgrade its iron ore pellet manufacturing plant at Mangaluru in southern India, company sources said on Monday, May 20.

The sources said that modernization of the plant will enable the company to achieve its pellet production target of 2.6 million mt during the financial year 2019-20.

During the financial year 2018-19, the company produced 2.3 million mt of pellets, the sources added.

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