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Our Bureau

Bangalore , Aug. 27

KUDREMUKH Iron Ore Company Ltd (KIOCL), a 100-per cent export oriented unit, which had been conferred with a Golden Star Trading House Status, paid Rs 43.97 crore as dividend for the fiscal 2003-04 to the Government.

The dividend cheque was handed by the KIOCL Chairman and Managing Director, Mr P. Ganesan, to the Union Minister for Steel, Mr Ram Vilas Paswan, on Thursday in Delhi.

The public sector unit had a turnover of Rs 1,029 crore during the year, crossing the Rs 1,000-crore mark for the first time. Of the total production of 5.09 million tonnes of iron ore concentrate and 3.6 million tonnes of pellets during the year, KIOCL exported 1.52 million tonnes of concentrate and 3.62 million tonnes of pellets.

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Kudremukh Iron Ore pays Rs 44 crore dividend to Govt

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