Mangaluru: On Tuesday September 7, T. Saminathan, Director (Commercial), took charge as Chairman-cum-Managing Director (CMD) of Kudremukh Iron Ore Company Limited (KIOCL), a Government of India Enterprise under the Ministry of Steel, at Corporate Office in Bengaluru.
Saminathan holds a Degree in Mechanical Engineering and Post Graduate Diploma in Business Management and has more than 3 decades of experience in KIOCL Ltd. in the field of Iron Ore Mining, Beneficiation, Pelletization and Pig Iron Making since joining KIOCL Ltd in the year 1986 as Graduate Engineer.
During initial period, he served in Kudremukh Mine, Beneficiation Plant and later on moved to Corporate Office, Bengaluru in 1992 and executed projects viz: Crusher- III installation, Relocation of Crusher-I and installation of additional Ball Mills at Kudremukh.
He was instrumental in bringing tolling concept, which has resulted in increased Capacity utilisation of Pellet Plant and Physical & Financial performance of the Company. He has put in place system improvements in supply chain and logistics, which has resulted in reduced transit and handling losses of Iron Ore Fines, brought down inventory holding levels, framed and implemented Risk Management Policy across the organisation, introduced e-procurement through service provider MSTC and started procurement through GeM portal. He is also a lifetime member in Indian Institute of Materials Management (IIMM) and Indian Institute of Mineral Engineers (IIME).
