KIOCL shuts down Mangalore pellet plant again

KIOCL mostly gets raw material from NMDC's Bailadila mines in Chhattisgarh state, and also sources from other domestic and overseas supplies.

The firm produced 1.51mn t of pellets in the April 2022-March 2023 fiscal year, down 26% on the year, and sold 1.46mn t of pellets during 2022-23, of which exports accounted for 87%.

Overall, KIOCL's pellet plant is facing challenges in securing raw materials and maintaining consistent operations. This could have implications for India's steel industry, as KIOCL is a major supplier of pellets to domestic steelmakers.