KIOCL OBSERVES WORLD ENVIRONMENT DAY

         
The raising demand for fuel and the usage of natural resources in abundance will definitely create shortage of fuel world wide in coming years.  So, we have to shift away from conventional non-renewable fuels towards alternative energy sources like Bio-fuel etc. said Dr. Balakrishna Gowda, Professor, University of Agricualturl Sciences, Bangalore.

He was speaking on the occasion of World Environment Day function organized by KIOCL Limited at its community hall, Bangalore on June 5.  The time has come to think and concentrate on alternative fuel for Petrol and Diesel, the consumption of which is growing unrestrictedly.  The Bio-fuel, which is being extracted from seeds of trees etc, is very much economical and also environment friendly can be one of the appropriate options he opined.  He also said, that the Economic progress can be achieved only when the Development and Ecology co-exist.

Shri.K.Ranganath, CMD, KIOCL in his address said, that the protection of environment is responsibility of every citizen.  Every one has to take all possible steps to protect our Planet.  We can contribute in our own small way by planting seedlings surrounding our houses or on top of terraces in pots and also keeping our environment clean.  Which may help in protecting our planet from the changing environment to some extent, he said.

Shri.Sriman, NS, Director (Commercial) spoke on the occasion.  Shri. T M Gopalakrishna Bhat, Director (Finance) was present.  The saplings were planted in the office premises to mark the World Environment Day.

KIOCL OPENS PROJECT OFFICE AT CHIKKANAYAKANAHALLI The KIOCL Ltd (KIOCL), a Government of India Enterprise under the Ministry of Steel and a Mini Rathna Company, a star trading house, which is also a global player since inception and producer of high quality pellets and pig iron has opened its Project Office at Chikkanayakanhalli, in Tumkur District on Saturday 23 August, 2008.   With the recommendation of Government of Karnataka, Ministry of Mines, Government of India has accorded the prior approval for grant of mining lease for a period of 30 years, over an extent of 116.55 hectares in favour of Kudremukh Iron Ore Company Limited for Block No.2, Hombalaghatta and Hosahalli villages of Chikkanayakanahalli Taluk, Tumkur District.

The Share holders at the Extraordinary General Meeting held on 17.01.2009 approved to chang the name of the Company from "Kudremukh Iron Ore Company Limited" to "KIOCL Limited" subject to the approval of Central Government under section 21 of the Companies Act 1956.  The shareholders have also approve to pay dividend @ 304093% of the Paid up share capital of the Company which is 20% of Profit after Tax for the financial year 2007-08.