Kudremukh Iron Ore Company Limited Company Profile, Wiki, Networth, Owner, CEO, Founder Name, Parent Company and more
Kudremukh iron ore company is an Indian multinational metal company. the company headquarter is in Bengaluru, Karnataka, India. It is a flagship company under the Ministry of Steel.
The company has experienced in operating iron ore mining, beneficiation and iron–oxide pelletization in India. KIOCL is manufacturing BF and DR grade pellets with excellent chemical & physical specifications to suite for Blast furnaces and direct reduction plants.
Kudremukh is making continuous efforts to go for higher volumes in order to improve its capacity utilization and also earn precious foreign exchange for the country through ‘Make in India’ initiatives.
| Points | Information |
| Company Name | Kudremukh Iron Ore Company Limited (KIOCL) |
| Founder Name | Government of India |
| Owner | Government of India (with 73% stack) |
| Date of Establishment | 2 April 1976 |
| Headquarter | Bengaluru, Karnataka |
| Revenue | INR 2,056.53 Crores (in 2020) |
| Chairman/ Managing Director | M V Subba Rao |
| Registered Address | Block II, Koramangala, Sarjapura Road Bengaluru 560 034, India |
| Telephone No. | 080-25531461 |
| Company Status | Active |
| Website | www.kioclltd.com |
Products
- Iron ore pellet
- Pig iron
Establishment
Kudremukh iron ore company limited established in 1976. It manufactures its products at a large level. The company expanded its business across the world and providing high quality products to customers. The company uses latest production techniques and constant Research and Development efforts and adopting innovative technology to improve quality.
Founder
Kudremukh iron ore company limited founded by Government of India. Recently, the chairman and Managing Director of the company is Shri MV Subba Rao. He is an Indian industrialist. He has experienced more than 30 years in Steel industry.
Rao started his professional career as a Production In-charge with M/s Mittal Group and later on shifted to M/s A.P Steels Ltd. He has worked on many projects include Introduction of Gas based DRI/ HBI in primary & secondary steel sectors, foundry sectors in India, developing Alloy Steels etc. He creates new ideas for expanding the business.
Mission
Kudremukh iron ore company limited mission is as follows:
- Lasting relations with customers and Vendors to ensure smooth supply chain based on trust and mutual benefits.
- Business with ethics & integrity.
- To thrive to improve the socio-economic condition in the neighbourhood of Company’s production centre.
- Continuous learning.
- Adaptability to Technology and changing Global Scenario.
- Growth, recognition and reward for employees.
Networth
Kudremukh iron ore company limited is an Indian metal industry. In 2020, the company revenue is INR 2,056.53 million which is greater than FY2019 (Rs. 2,012.68 crores). the company authorized capital is Rs. 1,350,000,000 and paid up capital is Rs.2,000.
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