Steel Minister Urges KIOCL To Tap Potential Of Chabahar Port

- Feb 06, 2019-

Feb 06, 2019

The Union Steel Minister Chaudhary Birender Singh has sought-after the involvement of KIOCL Ltd (formerly Kudremukh ore Company Ltd) in exploring the potential of Chabahar Port in Iran.


In a chat with presspersons once inaugurating the one.3-MW star plant at KIOCL’s furnace unit in Mangaluru on Wednesday, Singh aforesaid that Chabahar Port encompasses a heap of which means within the context of KIOCL.


Stating that a way of involvement is needed from the corporate during this matter, he aforesaid the Steel Secretary is keen to grasp what quite participation KIOCL will have with Chabahar Port.


Asked what precisely KIOCL will kill Chabahar, Singh aforesaid pellet production is that the main space of business of KIOCL. the corporate will explore alternative prospects once it gets connected with the activities of the Chabahar Port.


The company will think about putting in a pellet plant there, if there's a scope for that. Since India is that the second largest producer of steel within the world and Iran is the nearest destination for KIOCL it'll be a win-win state of affairs for each the countries, he said.


Binoy Kumar, Steel Secretary, WHO accompanied  the Minister, aforesaid that KIOCL should diversify if it desires to become a maharatna company from this miniratna standing. excluding exploration at intervals the country, the corporate can even explore abroad.

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