ಕೃಪೆ :http://www.kudremukhore.co.in

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.