Download the Annual Report for 2010-11. - kiocl limited

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Plant at Mangalore, KIOCL has to get the required quantity of Iron Ore fromthe indigenous sources by rail. As such a dedicated railway terminal is requiredfor receiving the Iron Ore closest to the plant. Bulk material handling system isto handle the Iron Ore fines received at the permanent railway siding systemfrom various agencies & convey the same to the plant premises.8.3.2 KIOCL has identified the location for railway siding & bulk material handlingsystem, which is about 3 Kms away from the KIOCL Pellet Plant at BaikampadyIndustrial Area. For this, KIOCL has already acquired about 52.86 acres of landfrom M/s. Karnataka Industrial Area Development Board (KIADB) and also fromthe private land owners.8.3.3 In this connection M/s Konkan Railway Corporation Limited (KRCL) has preparedDetailed Project Report avoiding Diamond Crossing on the railway line for safetyreasons. Due to the realignment, the proposed route necessitated swappingof KIADB land and outright purchase of Private land. The matter was takenup with KIADB and also the private land owners based on the requirement ofadditional land.8.3.4 Part of the private land required has already been procured from private landowner and registered in the name of Company. The balance 2.3 acre of landis being negotiated for purchase.8.4 Construction of Storage Silos with handling facilities8.4.1 KIOCL Board at its 194th meeting held on 04.06.2010 has approved the proposalfor augmentation of the Iron Ore feeding system for uninterrupted supply ofOre for the existing ball mills by providing 8000 MT capacity RCC Silo andassociated material handling equipments along with screens in the grinding circuitat Pellet Plant, Mangalore. Piling work has been completed.8.4.2 A tender has been invited for construction of pile cap & RCC silo. The offersreceived are being evaluated.26New METSO Banana Screen in action
8.5 Non-Recovery Coke Oven Plant with 25 MW CPP at Mangalore:Director's Report (Contd.)8.5.1 Your Company proposes to take-up implementation of a 0.3 million tonnes perannum (MTPA) Coke Oven project adopting non-recovery (NR) route at theirBlast Furnace unit at Mangalore. The project is intended for supply of LowAsh Metallurgical Coke for the existing blast furnace. The excess Coke, aftermeeting the demand will be sold in the market. The project also envisagesgeneration of Power (25MW Captive Power Plant), by utilizing the sensibleheat of the hot flue gas from the ovens. After meeting the internal demand inthe Coke plant, the surplus Power will be sent to the existing Main ReceivingSub-Station (MRSS) of Blast Furnace (BF) plant for internal consumption, andthe balance Power to the adjacent Pellet Plant, through the grid of MangaloreElectricity Supply Company Limited (MESCOM).8.5.2 The Board at its 201st meeting held on 25.03.2011 has approved the proposalfor setting up of 0.3 million tonnes per annum capacity of Non-Recovery CokeOven Plant along with 25 MW Captive Power Plant at an estimated cost of` 452.22 crores in line with the detailed project report prepared by M/s. M.NDastur & Co., Kolkata with a debt equity ratio of 1:2.8.5.3 KIOCL has already fixed an agency for obtaining Environmental Clearance fromMinistry of Environment and Forest (MoEF) and Consent for Establishment(CFE) from Karnataka State Pollution Control Board (KSPCB). The agency hassubmitted the Form 1, Feasibility report to Ministry of Environment and Forest(MoEF), New Delhi.8.6 Selection of Joint Venture partner for Equity participation for setting up of an IntegratedSteel plant in the State of Karnataka8.6.1 The Mineral Policy, 2008 of Government of Karnataka clearly envisages that theState is in favor of Entrepreneurs establishing real value addition to the Ironore like setting up of Steel plant in the State of Karnataka. Such Enterpriseswill be given preference in mine allotment. In this process the Company willbe able to do forward integration by making its presence in the Steel sector.The process will also strengthen the claim of mines allotment for the Company.In this backdrop the Board of Directors has in-principle agreed for the equityparticipation by KIOCL for setting up of an Integrated Steel Plant (ISP) in theState of Karnataka.8.6.2 KIOCL had appointed Consultant for preparation of tender document andfloated NIT for the aforesaid purpose. In response to NIT M/s United RajpurSteels (India) Pvt. Ltd., had submitted their offer. On evaluation of the offer27
Page 3: ContentsBoard of Directors 3Notice
Page 10 and 11: EXPLANATORY STATEMENT PURSUANT TO S
Page 13: Form of ProxyKIOCL LIMITEDRegd. Fol
Page 16 and 17: Production for Asia was 897.9 milli
Page 18 and 19: PROJECTS UNDER CONSTRUCTION :In my
Page 20 and 21: 18Captive Iron Ore Mine:The Company
Page 22 and 23: Directors’ ReportDear Shareholder
Page 24 and 25: 4.3 The following table summarises
Page 26 and 27: efforts to cool down the overheatin
Page 30 and 31: Consultant recommended that KIOCL c
Page 32 and 33: mortar manufacture. This can also b
Page 34 and 35: Other Mining /Prospecting Leases9.4
Page 36 and 37: either from the recognised Union or
Page 38 and 39: Visit of Third Sub-Committee of Par
Page 40 and 41: Former Secretary (Steel) Shri Atul
Page 42 and 43: Groups on rolls of the Company as o
Page 44 and 45: 23.4 Your Company has also nominate
Page 46 and 47: 25.3 Inspections: 7 CTE type inspec
Page 48 and 49: 27. BOARD OF DIRECTORSAppointmenti)
Page 50 and 51: energy audit to quantify the target
Page 53 and 54: Annexure-IICORPORATE GOVERNANCECOMP
Page 55 and 56: is not practical to send the releva
Page 57 and 58: Corporate Governance (Contd.)c) To
Page 59 and 60: Corporate Governance (Contd.)Detail
Page 61 and 62: Corporate Governance (Contd.)(iii)
Page 63 and 64: Corporate Governance (Contd.)(xii)
Page 65 and 66: Corporate Governance (Contd.)(xx) R
Page 67 and 68: WeaknessCorporate Governance (Contd
Page 69 and 70: Corporate Governance (Contd.)local
Page 71 and 72: KIOCL Limited(Formerly Kudremukh Ir
Page 73 and 74: Annexure-IIIASA & ASSOCIATESCharter
Page 75 and 76: C. a. Confirmations of Balances hav
Page 77 and 78: Auditors' Report (Contd.)5. a. In o
Page 79 and 80:
Auditors'ReportPara No.COMMENTS/OBS
Page 81 and 82:
COMMENTS OF THE COMPTROLLER AND AUD
Page 83 and 84:
3.2 Depreciation in respect of Asse
Page 85 and 86:
7.2 Provision for Leave Encashment
Page 87 and 88:
Profit and Loss Account for the yea
Page 89 and 90:
Schedule 3FIXED ASSETSG R O S S B L
Page 91 and 92:
Schedules (Contd.)Schedule 6CURRENT
Page 93 and 94:
Schedules (Contd.)Schedule 7CURRENT
Page 95 and 96:
Schedule 10ACCRETION/(-)DEPLETION T
Page 97 and 98:
Schedules (Contd.)Schedule 14PRIOR
Page 99 and 100:
Schedules (Contd.)Schedule 16NOTES
Page 101 and 102:
5. In pursuance of the directive of
Page 103 and 104:
y the Govt of India and is binding
Page 105 and 106:
Schedules (Contd.)Year ended Year e
Page 107 and 108:
Details of measurement of present v
Page 109 and 110:
TYPE OF PLANLONG TERM COMPENSATEDAB
Page 111 and 112:
TYPE OF PLANLONG TERM COMPENSATEDAB
Page 113 and 114:
Balance Sheet Abstract and Company'
Page 115 and 116:
Cash Flow Statement for the year en
Page 117 and 118:
SEGMENT REPORTING FOR THE YEAR ENDE
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