KIOCL Limited 1
DISCLAIMER Statements in this presentation describing the Company‟s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company‟s operations include, among others, economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/or other incidental factors. 2 2
INDEX Sl. No. CONTENTS Slides SECTION 1 OVERVIEW 4 SECTION 2 LISTING / DISINVESTMENT STATUS 13 SECTION 3 KIOCL‟S PERFORMANCE 19 SECTION 4 KIOCL‟S PURSUITS 28 SECTION 5 CARING ARM – CSR 39 3
SECTION 1: OVERVIEW 4 AERIAL VIEW OF PELLET PLANT UNIT, MANGALORE
HISTORY KIOCL Ltd.(formerly Kudremukh Iron Ore Co. Ltd.) was formed in 1976 by GoI under bilateral agreement with Govt. of Iran for supply of iron ore concentrate to National Iranian Steel Company. Due to political instability, Govt. of Iran backed out. Project was funded by GoI & commissioned in 1980 within record timeline and cost. “Kudremukh” brand is popular worldwide. KIOCL‟s has many firsts to its credit as an iron ore industry in the country. KIOCL added to its fleet 3.5 MTPA integrated Pelletization plant with dedicated berthing facility at NMPT and also set up Pig Iron complex of 350 cu. mtrs to produce 2.16 lakh tonnes per annum of foundry grade pig iron of low phosphorous and low sulphur content. 5 5
KIOCL-O VERVIEW Central Public Sector Under Ministry of Steel, GoI A Mini Ratna, Schedule ‘A’, Category – I Company, Shore based Pellet Plant with dedicated berth & automatic ship loading facility An Export Oriented Unit Debt free company with strong liquidity Products Iron Oxide Pellets of BF & DR Grade & Foundry grade Pig Iron Catering to Export Market: China, Japan, Iran, Turkey, Taiwan, Qatar, Korea etc Domestic Market: 6 SAIL, RINL, ESSAR, JINDAL. BPSL, JSW STEEL, WELSPUN, SAL, SHRADHA ISPAT etc
CAPABILITIES Expertise in - Mining - Beneficiation Technology - Filtration Technology - Pelletisation - Mineral Exploration - Blast Furnace Technology Operated Asia‟s largest highly mechanized mining complex in Kudremukh (22.5 mtpa – ROM) Established 3.0 mtpa capacity Pellet Plant at Mangalore in the year 1986 & upgraded to 3.5 mtpa with In-house R & D in the 7 year 1996 7
KEY MILESTONE Ministry of Mines notified KIOCL for Commissioned three Horizontal Exploration Work & signed MoU with Pressure Filters & upgraded screening MECL systems at PPU under modernization Increased the market share for programme, resulting in improved disposal of pellets through road productivity to cater to sponge iron manufacturers and mini blast furnace 2015 The Hon'ble Supreme Court 2014 vide its verdict dated 30 th 2012 October 2002, had allowed mining till the end of 2005 2011 2007 Pellet Plant of 3MTPA capacity commissioned for 2005 producing high quality BF & Expansion & diversification: DR grade pellets - O&M Portals; 2001 MOU with APMDC - Setting up Pellets - The mine and plant 1987 Plants on BOO basis facilities were commissioned without cost & time 1981 overrun Pig Iron plant Company's pioneering in-house R&D programmes commissioned successfully migrated from magnetite iron ore to hematite 1980 iron ore for pelletisation process.. Erstwhile KISCO merged & presently operating as BFU since First shipment of 01.04.2007 concentrate was made 1976 Established to develop the mine and plant facilities to produce 7.5 MTPY based on an understanding between Govt. of Iran & India. 8
PRODUCT - OFFER BF GRADE - PELLET SPECIFICATION Chemical Specification Physical Properties Specification Composition (on dry basis) Fe 64 % Size: 9 - 16 mm 85.00 % Min Feo 0.50 % About Below 5 mm 5.00 % Max 6.00 % Max Bulk Density 2.00 T/M3 Min SiO 2 + Al 2 O 3 (Al 2 O 3 2.00 %Max) S 0.01 % Max Tumble Index ( + 6.35 MM) 92 % Min P 0.045 % Max Abrasion Index (- 0.60 MM) 6.00 % Max TiO2 0.20 % Max Cold Crushing Strength Average 250 KG/P Min AS 0.01 % Max Porosity 20.00 % Min Other metals 0.20 % Max Reducibility 60.00 % Min CaO + MgO 2.00 % Max Basicity 0.30 ABOUT Moisture Content Specification Fair season (Oct - May) 4.00 % 9 Rainy season (Jun - Sep) 6.00 %
PRODUCT - OFFER DR GRADE -PELLET SPECIFICATION Chemical Specification Physical Properties Specification Composition (on dry basis) Fe 67% Size: 9 - 16 mm 85.00 % Min Feo 0.50 % About Below 5 mm 5.00 % Max 4.00 % Max Bulk Density 2.00 T/M3 Min SiO 2 + Al 2 O 3 (Al 2 O 3 2.00 %Max) S 0.01 % Max Tumble Index ( + 6.35 MM) 93 % Min P 0.045 % Max Abrasion Index (- 0.60 MM) 5.00 % Max +270 KG/P TiO2 0.20 % Max Cold Crushing Strength Average Min AS 0.01 % Max Porosity 20.00 % Min 70.00 % ±5% Other metals 0.20 % Max Reducibility Min CaO + MgO 2.00 % Max Basicity 0.30 ABOUT Moisture Content DMT BASIS 10
BOARD OF DIRECTORS EXECUTIVE DIRECTORS MV SUBBA RAO LAXMINARAYANA N. VIDYANANDA MALAY CHATTERJEE DIRECTOR (COMMERCIAL) DIRECTOR (FINANCE) DIRECTOR (P&P) CHAIRMAN-CUM- MANAGING DIRECTOR GOVT. NOMINEE DIRECTORS BHARATHI S SIHAG T. SRINIVAS INDEPENDENT DIRECTORS 11 S. MANOHARAN PK BAJAJ BK SAHOO MADHAV LAL S. RAGHUNATH
3 X 3 X 3 FOCUS 1 MANUFACTURING MINING & SERVICES INDUSTRY -IRON OXIDE PELLETS BENEFICIATION -- PIG IRON 2 GEOGRAPHICAL INDIA CHINA MIDDLE EAST SEGMENT 3 EXPLORATION & SERVICE OPERATION & MDO WORK SAMPLING / MAINTENANCE OFFERINGS ANALYSIS 12
SECTION 2: LISTING / DISINVESTMENTSTATUS SECTION 2: LISTING / DISINVESTMENT STATUS 13
LISTING / DISINVESTMENT STATUS Govt. of India as a part of Policy divested 61,62,900 Equity Shares through Institutional Mechanism and later 2,06,770 Shares were allotted under employee‟s quota. As on date 1.0039% of shares held by general public & 98.9961% of shares held in the name of President of India. The Equity Shares were Listed on Bangalore Stock Exchange (BgSE) w.e.f. 24-07-1995 & Madras Stock Exchange (MSE) w.e.f. 22-01-1998. Total No. of shareholders as on 31-12-2015 is 1036 As per SEBI Exit Policy, both BgSE & MSE exited and derecognized as Stock Exchange w.e.f. 26.12.2014 & 14.05.2015 respectively 14
LISTING / DISINVESTMENT STATUS KIOCL made the application to Metropolitan Stock Exchange of India Limited on 27-01-2016 for direct listing of 634,513,800 Equity shares. MSEI accorded the listing & trading of shares w.e.f.12.02.2016 under symbol „KIOCL‟ . As per regulation 38 of SEBI (LODR) Reg., 2015 & Rule 19(2) and Rule 19A of SCRR, 1957 at least 25% of equity shares should be held by Public. Required to comply with the provisions latest by 21.08.2017. Requested Ministry of Steel in consultation with Department of Disinvestment to explore the possibilities for disinvestment of Govt. holding to the extent of 25% before due date. 15
SHAREHOLDING PATTERN Shares in Shares in %age of Number of Category Demat Physical sharehol shares mode mode ding Central Govt./State 628144130 628144130 - 99.00 Govt.(s) Mutual Funds/UTI 2270100 1936667 333433 0.36 Financial 800000 800000 - 0.13 Institutions/Banks Insurance Companies 2778300 2778300 - 0.44 Bodies Corporate 205782 205482 300 0.03 Resident Indians & 315488 206712 108776 0.05 others Total 634513800 634071291 109076 100.00 16
T OP 25 SHAREHOLDERS S. NO. OF NAME OF THE SHAREHOLDERS % NO. SHARES 1 PRESIDENT OF INDIA 628144130 99.00 GENERAL INSURANCE CORPORATION OF 1648000 0.26 2 3 THE NEW INDIA ASSURANCE COMPANY LIMITED 730300 0.12 CANARA ROBECO MUTUAL FUND A/C CANARA 4 595000 0.09 ROBECO EQUITY DIVERSIFIED PUNJAB NATIONAL BANK, PRINCIPAL TRUSTEE - 5 500000 0.08 PNBMUTUAL FUND - EQUITY LINK 6 ICICI BANK LTD 500000 0.08 PUNJAB NATIONAL BANK, PRINCIPAL TRUSTEE - 333334 0.05 7 PNBMUTUAL FUND - RISING INCO PUNJAB NATIONAL BANK, PRINCIPAL TRUSTEE - 8 333333 0.05 PNBMUTUAL FUND - REGULAR INC NATIONAL BANK PRINCIPAL 333333 0.05 9 10 PUNJAB NATIONAL BANK 300000 0.05 11 UNITED INDIA INSURANCE COMPANY LIMITED 240000 0.04 12 GFC SECURITIES AND FINANCE LIMITED 184900 0.03 13 MAGNUM BOND FUND 1994 175000 0.03 17
T OP 25 SHAREHOLDERS S. NO. OF NAME OF THE SHAREHOLDERS % NO. SHARES THE ORIENTAL INSURANCE COMPANY LIMITED 160000 0.03 14 15 SAJU RAMCHAND KIMATRAI 14800 0.00 ALKABEN VASANTBHAI VORA 13200 0.00 16 17 MARUTI BUSINESS SERVICES LTD 12600 0.00 PURSHOTTAM PANNALAL RATHI HUF 10000 0.00 18 19 NILESH BALKRISHNA KABARE HUF 10000 0.00 20 AJAY SURESHCHANDRA AGRAWAL HUF 10000 0.00 VASANT AMRATLAL VORA 8900 0.00 21 22 NIRAJ KAJARIA 6495 0.00 23 INDRA KUMAR BAGRI 5980 0.00 MODY INVESTMENT AND MANUFACTURING 5300 0.00 24 COMPANY PRIVATE LIMITED 25 VIMLA KANTILAL CHAUDHARI 5000 0.00 18
SECTION 3:PERFORMANCE 19
PRODUCTION OF PELLETS (IN ‘000 DMT) 2500 2124 2000 1710 1710 1500 1265 1000 785 500 100 0 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 (upto Dec'15) 20
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