KIOCL has entered into work agreement with Department of Mines & Geology, Government of Karnataka on December 06, 2019. The agreement is for carrying out mineral exploration by the company for manganese and iron ores in nine identified blocks in Bellary and Chitradurga Districts of Karnataka at a total estimated cost of Rs 81.53 crore plus GST.
KIOCL is Asia's largest iron ore mining and pelletisation complex and the country's biggest 100% export oriented unit engaged in the business of exporting high quality iron oxide pellets and pig iron.