National Mineral Exploration Trust (NMET), Ministry of Mines, vide its Office Memorandum dated January 27, 2020 has approved mineral exploration project to be executed by KIOCL at an estimated cost of Rs 270 lakh. The mineral exploration project will be funded by NMET.
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.