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Steel Minister Urges KIOCL Involvement to Explore The Potential of Chabahar Port

Feb 1,2019

It is reported that the Union Steel Minister Chaudhary Birender Singh has sought the involvement of Kudremukh Iron Ore Company Limited (KIOCL) a Government of India enterprise in exploring the potential of Chabahar Port in Iran.

 

After inaugurating the 1.3-MW solar plant at KIOCL’s blast furnace unit in Mangaluru on Wednesday, Singh said in a chat with presspersons that Chabahar Port has a lot of meaning in the context of KIOCL. Stating that a sense of involvement is required from the company in this matter, he said the Steel Secretary is keen to know what kind of participation KIOCL can have with Chabahar Port.

 

Mr. Singh, when asked what exactly KIOCL can do in Chabahar, said pellet production is the main area of business of KIOCL. When the company gets connected with the activities of the Chabahar Port, they can explore other possibilities.

 

If there is a scope The Company can think of setting up a pellet plant there. Since India is the 2nd largest producer of steel in the world and Iran is the nearest destination for KIOCL it will be a win-win situation for both the countries, he said.