New Delhi, Sept 29 (KNN) With a view to reviving the company, the government has allowed state-owned Kudremukh Iron Company Ltd (KIOCL) to directly export iron ore pellets.

“KIOCL Ltd (formerly known as Kudremukh Iron Company Ltd) has been permitted to export its own manufactured iron ore pellets either by itself or through any entity authorised by them for the purpose,” Directorate General of Foreign Trade (DGFT) has said in a notification.

Earlier export of the iron ore pellets manufactured by the company was permitted only through state trading enterprises (STEs).

The iron ore mining operation of the Bangalore-based PSU was stopped since 2005 following a Supreme Court order.

State-run KIOCL has been passing through bad times for the past few years in the backdrop of depleted production, poor sales of pellets, stoppage of blast furnace operations, and lack of raw material availability. (KNN/SD)