Iron Ore Pellets

Pellets are an integral part of the Iron and Steel Industry. The Pellet industry started in India during the 1960s with the setting up of Mandovi Pellets plant in Goa. Subsequently a PSU, namely Kudremukh Iron Ore Company Ltd (KIOCL) set up the first 3 MTPA large scale pellet plant in Mangalore in 1987. Later on the capacity was increased to 4 million tons per year. Pellet plant at Tata Steel came up in 1980s. India is now among the top pellet producers in the world. The Pellet industry gives a significant amount of revenue to the national exchequer by way of excise and other taxes. With the rising trend in export of Pellets, the industry gives the country valuable foreign exchange.