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KIOCL, GIAG sign non-binding MoU for one year

27 Oct 2021 Evaluate

KIOCL and Glencore International AG (GIAG) have signed a non-binding Memorandum of Understanding (MoU) on October 25, 2021, whereby KIOCL will supply iron ore pellets to GIAG for further sale by GIAG in South Korean, European and Non-Chinese market. The MoU shall be valid for a period of one year.

KIOCL is engaged in the business of manufacturing and exporting high quality Iron Oxide Pellets and supply of pig iron for domestic market..The company also in the business segment of Pellets, Pig Iron.

Peers
Company Name CMP
Coal India 416.90
NMDC 71.70
Ashapura Minechem 465.30
Sandur Manganese 175.10
GMDC 471.00
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