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energy audit to quantify the targets for energy conservation over the entire operational area.The recommendations of M/s Tata Energy Research Institute (TERI) (now M/s The EnergyResearch Institute), in the areas of energy conservation have been implemented. Energyconservation is an ongoing process. Efforts are continuing to conserve energy in all possibleareas. Energy Audit is carried out through Petroleum Conservation & Research Association(PCRA) and some more measures of energy conservation are being planned as suggestedby PCRA in a phased manner.34. R&D, TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATIONThe information relating to Technology Absorption, Adaptation and Innovation, R&D andforeign exchange earning & outgo to be disclosed in Companies (Disclosure of particularsin the Report of Board of Directors) Rules, 1988 is given and forms part of this report.35. PARTICULARS OF EMPLOYEE OF SECTION 217 (2A) OF THE COMPANY READWITH COMPANIES (PARTICULARS OF EMPLOYEES) RULES 1988During the year none of the employee was covered under the purview of Section 217(2A)of the Companies Act, 1956 read with Companies (Particulars of Employees) AmendmentRules, 2011.36. ACKNOWLEDGEMENT36.1 Your Directors gratefully acknowledge the support, cooperation and guidance receivedfrom the Hon’ble Minister for Steel, Hon’ble Minister of State for Steel, the Secretary,Ministry of Steel and other officials of the Department of Steel as well as otherMinistries of the Government of India and the Government of Karnataka and all otherdepartments/agencies concerned in all the endeavours of the company.36.2 Your Directors also acknowledge the timely advice and assistance rendered by theIndian Embassies abroad during the year in the Company's marketing efforts.36.3 Your Directors sincerely thank all the customers and suppliers for their support andco-operation.36.4 The Directors also appreciate the continued and dedicated efforts put in by all theemployees to overcome many challenges faced during the year.36.5 Last but not the least, your Directors express their gratitude to the Shareholders forthe confidence reposed by them in the management of the Company.For and on behalf of the Board of Directors48Place: BangaloreDated: 10-06-2011(K.Ranganath)Chairman-cum-Managing Director
Annexure-I2. FORM - BDISCLOSURE OF PARTICULARS WITH RESPECT TO TECHNOLOGY ABSORPTION,ADAPTATION AND INNOVATION AND R&D ACTIVITIESRESEARCH & DEVELOPMENT ACTIVITIES:The R & D activities are emphasized for quality & productivity improvement through processdevelopment/modifications to suit the requirement of Pellet plant to operate with Hematite ore.FORM BSl. No. Research & Development Particulars1 Specific areas in which R&D carried outby the Companya) Augmentation of the existing ball millfeeding system by creating additionalstorage capacity of the Iron Ore fines.b) Preparation of technical report forreopening of Kudremukh Iron Ore mineat Kudremukh.c) Pre-feasibility report for mining ofweathered ore already available in thebroken up area to ensure Kudremukhmine slope stability.d) Exploration of suitable alternate technologyfor mining of weathered ore at Kudremukhmine.2 Benefit derived as a result of the R&DWith the experts opinion it is derived that forremoval of secondary weathered ore availablein broken up area small size equipments likeHydraulic Shovels, small dumpers and drills couldbe sufficient for production instead of deployingexisting high capacity production equipments.3 Future plan of actionTo proceed with the projects/ improvementplans based on the necessary clearances andapprovals49
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 28 and 29: Plant at Mangalore, KIOCL has to ge
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 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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