From the

A Memorandum of Understanding

between Ministry of Steel and KIOCL

Limited, a Central PSE for the year 2013-

14 was signed on 21.03.2013 at New Delhi

in the presence of senior officials from

Ministry of Steel and KIOCL. CMD,

KIOCL is handing over the signed MOU

to Secy. Steel DRS Choudhary IAS.

January - March 2013 House Magazine

For internal circulation only

Sri Lokesh Chandra

Joint Secretary, Ministry of Steel, Govt. of India

1993 batch IAS officer of Maharashtra Cadre , Sri Lokesh Chandra, is currently Joint Secretary in the Ministry of Steel. He has been appointed as a Government nominee Director for KIOCL in place of Sri UP Singh, IAS . He is a graduate in Civil Engineering , Gold Medalist from Allahabad University and M.Tech (Structures) from IIT, Delhi and has been awarded President Gold Medal . Prior to this assignment Shri Lokesh Chandra was Private Secretary to Union Home Minister and has also held various administrative posts in the State of Maharashtra.

Representatives of Ministry of Steel & KIOCL had a discussion with the of the Parliamentary Standing Committee on Coal and Steel in connection with review of performance of KIOCL on 01.02.2013 at Munnar, Kerala .

Chairman & Members

LAUNCHING OF E-MAGAZINE ON WEBSITE

Shri DRS Chaudhary, Secretary (Steel), Ministry of Steel, Govt. of India launched theE-Magazine on the KIOCL Portal on 25.2.2013 at New Delhi. Sri EK Bharat Bhushan, Special Secretary, Ministry of Steel, Sri UP Singh, Joint Secretary, Ministry of steel, Govt. of India, CMD and Sr Officials were present on the occasion. The issue for the October- December 2012 quarter was launched on the company website.

NEW DIRECTOR

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PARLIAMENTARY COMMITTEE MEETING

Start from wherever you are and with whatever you’ve got.

CHAIRMAN'S MESSAGE

Dear Colleagues,

The beginning of a New Year has always indicated a task to ponder upon the events of the previous year and expectations from the next. My Message to KIOCL family is not much contrasting to this, because I sincerely believe that we have collective capacity to grow beyond our current best. This is possible only if we can analyze the past and prepare ourselves for the future.

Right from the inception of the Company, KIOCL has witnessed many ups and downs . Whenever there has been crisis irrespective of the magnitude, KIOCL collective has bounced back with renewed vigor and determination to take the Company forward. Due to subdued market condition and non-accessibility of iron ore, the 3.5 Million Tonnes per annum Pellet Plant could remain operational for only 140 days last fiscal. Further more, stoppage of mining operations in Karnataka in view of ban by the Apex Courts compelled the Company to source its ore from NMDC, Chattisgarh, incurring an additional expenditure of about Rs.1,500 per tone on logistics due to longer distance. Further, KIOCL has stopped export of pellets inspite of being 100% export oriented unit due to imposition of distance based charge by the Railways for iron ore. Despite these odds, our company produced 1.265 million tonnes and dispatched 1.236 million tonnes of pellets during the current fiscal. The cumulative profit before tax was Rs 32.34 crores and profit after tax was Rs 31.05 crores.

The present business environment is far more challenging than what it was in the past. In the face of all difficulties, let us strive hard to achieve our goal for a better future.

A Memorandum of Understanding between Ministry of Steel and KIOCL Limited was signed on 21.3.2013 at New Delhi. In the MOU signed with Ministry, KIOCL is proposing to set up beneficiation & pelletisation plants as green field projects by joining hands with other Central PSUs. KIOCL is also proposing to diversify into e-commerce activities besides solar power etc. The MOU envisages a target for production and sale of pellets of 18 Lakh Tons for the financial year 2013-14 at the Pellet Plant, Mangalore, which is our only & sustaining vertical.

KIOCL has submitted 28 mining lease and 8 prospecting license applications all over the country and is hoping for allotment of mines in the States of Karnataka, Jharkhand, Odisha & Andhra Pradesh.Our continuous efforts to get mining lease in various states has yielded positive results. An MOU for exploration & exploitation in joint venture with Andhra Pradesh Minerals Development Corporation (APMDC) for iron ore bearing asset in Ananthapur district of Andhra Pradesh is being formalized. A 2.4 million tonne a year, ore beneficiation plant and a pellet plant at a cost of Rs 1000 crores will be set up by KIOCL independently in Ananthapur utilizing the ore produced by the joint venture company .

The aforesaid challenges, demands your greater level of commitment and performance. Every one should look at the latent and new changes that have the potential of overturning the present status quo. History is replete with examples of the Darwinian finding which says that “ It is not the strongest or the most intelligent, but the one with the ability to manage change that survives “.

Nothing great was ever achieved without the commitment and enthusiasm. You are an important member of KIOCL TEAM and I need your constructive co-operation and support to make it the most admired organization.

With warm personal regardsYours sincerely

( Malay Chatterjee )

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AWARENESS TALK

An awareness talk on "Stress Management" by noted trainer Dr Bharath Chandra, Director of Winners Institute Pvt. Ltd Bangalore was organised at Community hall, Bangalore on 24.01.2013. He is popularly known as “The Dale Carnegie of India”. Employees and Kudremukh township residents attended the programme.

AT MANGALOREthNation's 64 Republic Day was celebrated at KIOCL, Mangalore

unit on January 26, 2013. Chief Guest, Shri K Subba Rao,

Director (P&P), arrived at the playgrounds with CISF traditional

escort and unfurled the National flag in the morning. The CISF

contingent led by Assistant Commandant Shri Jai Prakash

presented an impressive parade to the chief guest. KSRC

conducted various competitions and sweets were distributed.

CMD was the chief guest for the evening function at Sampath

Iyengar Ranga Mandira, which was presided over by Shri K

Subba Rao. After a melodious invocation by Shri Prahlad Achar,

Shri B P Pal, welcomed the gathering. CMD in his address gave

a brief account of the Company's position. He explained that the

Company is eying on expanding its business by way of setting

up beneficiation and pellet plant in association with other PSUs including RINL, NMDC, SAIL and

OMDC. A Coke oven project will be set up at BFU. An MOU is likely to be signed very soon with

APMDC for exploration and exploitation of Nemikal iron ore deposits in Ananthpur district,AP and

KIOCL will set up an iron ore beneficiation and

pellet plant in Ananthpur District. He also expressed

concern over the delay in the allocation of mine for

KIOCL by the State Government. Prizes were

distributed to the winners of various competitions

conducted by KSRC on the occasion of Republic Day

cerebrations. CMD and Shri K Subba Rao, D(P&P)

gave away the prizes. As part of entertainment,

Y a k s h a g a n a - “ S u d h a n v a - A r j u n a ” - b y

Mahaganapathi Mahila Yakshagana Mandali was

staged.

CELEBRATION OF REPUBLIC DAY

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Don’t wait. The time will never be just right.

CMD & Chairman-TOLIC inaugurated the Joint Hindi Divas Competitions : Prize distribution Celebrations on 22.1.2013 at BEL, Bangalore.

CMD & Chairman- TOLIC with the prize winners.

Cultural programme by BEL Fine Arts Club on 22.1.2013 at BEL, Bangalore.

TOLIC ACTIVITIES

Town Official Language Implementation Committee (Undertakings), Bangalore under the convenorship of KIOCL Ltd conducted various Hindi Competitions for its Member Offices of different PSUs from 01.10.2012 to 31.10.2012. The Prize distribution and valedictory function was organized on 22.01.2013 at Rashtra Kavi Kuvempu Auditorium, Bharat Electronics Limited, Jalahalli, Bangalore. CMD Shri. Malay Chatterjee presided over the function. Shri S K Sharma, Director (BC), BEL and Shri A K Srivastav, Deputy Director (Implementation) were also present on the occasion. Sixteen (16) Member offices were honored for sponsoring Hindi Competitions and about 150 winners were felicitated with cash prize, memento and a certificate. During the occasion, CMD called upon the participants and audience to use Hindi in day to day official work and propagate Hindi among the neighbourhood since Hindi is a link language of the Country. He congratulated the winners and urged upon more participation in the ensuing programs of the TOLIC. Shri S K Sharma, Director (BC), BEL addressing the gathering, suggested for many more activities of TOLIC at their premises. He also urged all to learn and use Hindi for the social upliftment of the society. As part of entertainment program children of BEL Find Arts Club presented Dance and patriotic songs and enthralled the audience. Shri N Ranganathachar, Senior Manager (RB) who welcomed the gathering, gave away the vote of thanks.

CMD & Chairman-TOLIC felicitated Shri. S K Sharma, Director (BC),BEL on 22.1.2013 at

BEL, Bangalore.

5

TOLIC ACTIVITIES

TOLIC AWARD

A South and South-West Region Official Language Conference was organized by the Regional Implementation Office, Ministry of Home Affairs at Rashtra Kavi Kuvempu Auditorium, BEL, Bangalore on 22.02.2013. About 500 delegates from Southern States i.e., Karnataka, Andhra Pradesh, Tamilnadu and Kerala were present. Shri Arun Kumar Jain, IAS, Secretary, Official Language, Ministry of Home Affairs, New Delhi presided over the conference. CMD addressed the delegates and Shri Arun Kumar Jain, IAS, Secretary delivered the key note address. During the occasion, Central Government Offices, Banks and PSUs were awarded Shields and a certificates for the year 2011-12 for commendable work in the field of Official Language Implementation. Among the TOLICs of Southern Region, Bangalore (PSU) TOLIC was awarded First Prize. CMD, received the shield and certificate from Secretary (OL). TOLIC (Undertaking), Bangalore has sponsored the conference Kits to delegates and our members. BEL, Bangalore complex has extended us support in the success of the conference.

CMD, KIOCL Limited received the Rajabhasha Shield on 22.2.2013 at Bangalore from Sri Arun Kumar Jain, Secretary, Department of official

language, Ministry of Home affairs, Govt of India.

TOLIC MEETING AT OUR CORPORATE OFFICE

Official Language Implementation Committee meeting at Bangalore Office was held on 18.03.2013. The meeting was presided by CMD Shri Malay Chatterjee, Cash prizes to the Pragya passed employees and certificates to the Praveen passed employees were handed over by CMD who urged the employees to use Official Language Hindi in day to day official work. Rapidex was also distributed among the members of TOLIC to encourage speaking in Hindi at Office Premises.

INSPECTION OF VIZAG OFFICE BY MOS

Shri Ashok Kumar, Joint Director, Ministry of Steel, New Delhi visited our Vishakapatnam office on 28.02.2013.

He inspected the official language implementation. The Joint Director appreciated the efforts of the company for

the implementation of the official language policy. Earlier while addressing the employees of Vizag Office he

gave a brief on Official Language Policy and Rules, Annual Programms and urged to meet the target prescribed by

the Government of India.

CMD & Chairman-TOLIC addressing the members present at the Conference on 22.2.2013 at BEL,

Bangalore.

6

Rise early. Work late. Strike oil.

INTERNATIONAL WOMEN'S DAY CELEBRATION

ndWIPS members at Corporate office celebrated the 102 International Women's Day. Smt Kavitha Kestur, Chief Vigilance Officer, BEML Ltd., was the Chief Guest for the function.CMD,Sri Lakshminarayana, Director ( Finance), Sri MV Subba Rao, Director (Commercial), Sri Srinivas Galagali, Chief Vigilance Officer, Madam Shipra Chatterjee and Site Coordinator Smt. MN Prema and other Senior Officers were present on the occasion. Senior most women employees from Kudremukh and Mangalore were felicitated on the occasion. Prizes were distributed by the Chief Guest to the women employees & contract workers who participated in various competitions. Smt. Kavitha Kestur,Chief Guest highlighted the problems faced by women and also touched upon the increasing rate of crimes on women in the society.

Lighting of lamp by Chief Guest Madam Kavitha Kestur, Chief Vigilence Officer, BEML

Ltd., on 8.3.2013 at Community hall, Bangalore.

CMD is felicitating Smt Saraswati, DM(I&C), Kudremukh on the occasion of International

Women's Day on 08.03.2013 at Bangalore.

Ms Anamika Chatterjee spoke on the role of women in the Indian society and the alarming increase in rate of

crimes on women in our country.

CMD is felicitating Smt Subbalaksmi, SO(PP), Mangalore on the occasion of International Women's Day on 08.03.2013 at Bangalore.

AT MANGALORE :

Smt G Bharathi, Sub-Inspector of Police said that women's role is important in tackling the issues like sexual harassment, women empowerment , gender inequality etc for making the family & society strong, and thereby making the girl child of today a confident woman of tomorrow.” During the interactive session with the women employees, she gave important tips about the safety of women, family and children. Smt B Vidya Rao, while welcoming the gathering gave a brief account of the programmes conducted by the WIPS unit during the last one year. Smt Prathiba

proposed a vote of thanks, Smt Madhuri and Smt Lakshmi N compered the programme.

A function was organized by the WIPS unit of Mangalore and Kudremukh at the Training and Safety Department. Smt G Bharathi, Sub-Inspector of Police, Panambur was the chief guest.

7

CMD gave a key note address on "Enhancing Leadership capabilities in Public Sector

Enterprises in India" on 11.1.2013 at Bangalore.

CMD at a Seminar on "National development" organised by the Institute of

Economic Studies on 22.2.2013 at Bangalore.

Sri M.Shivanna, Member, National Commission for SC, New Delhi visited Corporate office on 07.02.2013 at Bangalore. Smt. P.Girija-Director & Smt Sheela Narayan S w a m y - A s s t . D i r e c t o r , N a t i o n a l C o m m i s s i o n f o r S C , B a n g a l o r e ,Sri Laxminarayana, Director ( F ), Sri MV Subba Rao, Director ( C ), Sri S Rajendra, General Manager ( HR ) and Sr Officers were present for the meeting.

Smt G Bharathi, Sub-Inspector of Police, Mangalore inaugurated the International women’s day function on 08-03-2013 at Mangalore. Sri Vidyananda, General Manager ( P ), Sri GH Moulesh, AGM (HR),Sri Bhartahraj Alva, AGM I/c (BFU), Smt Prathiba, WIPS -Executive Committee member, and Smt Vidya, WIPS -Coordinator present on the occasion.

SEMINARS

VIP VISIT WOMENS’S DAY CELEBRATION

Thunder is good, thunder is impressive, but it is lightning that does the work.

8

SAFETY WEEK CELEBRATION

Safety Day was celebrated at Mangalore Unit on March 4, 2013. At a modest function organized at the Training and Safety dept, Shri N Vidyananda, GM(P), inaugurated the National Safety Day by unfurling the Safety Flag and administered the safety pledge to all the employees .

In his address, Shri Vidyananda called upon the employees to ensure zero accidents in the plant. Shri B P Pal, AGM(O), PP briefed about the safety measures taken up and also gave an account of safety activities during last year.

Shri Shiva Raju, Dy Mgr (Safety) welcomed the gathering. Shri N Kumar, Manager, Training & Safety dept also spoke on the occasion.

Concluding the function, Shri N Vidyananda, GM(P), distributed prizes to the winners of various safety competitions conducted by the Training & Safety Dept.

PRODUCTIVITY WEEK CELEBRATION

National Productivity week was observed at Pellet Plant Unit, Mangalore from 12.2.2013 to 18.2.2013. The theme for the year was “PRODUCTIVITY & INNOVATION FOR SUSTAINABLE DEVELOPMENT”. As part of the observation, the Training & Safety department had conducted various programmes to infuse the productivity awareness amongst the employees. Slogan writing, drawing and essay writing competitions etc., were organized

during the week. Banners were displayed to draw the attention of the employees.

Concluding the function on 18.2.2013, Shri K Subba Rao, Director (P&P) stressed upon the importance of production with productivity. He further said that Productivity is essential to achieve economy & quality and hoped that the market for iron oxide pellets will pick up very soon. Shri N Vidyananda, General Manager(P) also spoke on this occasion. Prizes were distributed to all winners by Shri K Subba Rao Director (P&P) and Shri N Vidyananda, GM(P).

9

“If you tell the truth, you don't have to remember anything.”

HANDS THAT CARE – CSR Actiivities

KIOCL DEDICATES TWO CLASSROOMS

KIOCL Limited donated two classrooms to the Brahmashree Narayana Guru Composite PU College, Katipalla , Mangalore. CMD inaugurated the classrooms on January 2, 2013, Shri K Subba Rao, Director (Production & Projects), Shri N Vidyananda, General Manager(P), Senior officials of the Company were present. Shri Sadhu Poojary, Managing Trustee of Brahmashree Narayana Guru Education Trust, in his address said that KIOCL has helped the Trust in catering to the quality education of the poor students of the region.

CMD HANDS OVER CHEQUE TO R K MISSION

KIOCL has sponsored the construction of free boys hostel of RK Mission trust. The full-fledged hostel is run under the auspices of the M i s s i o n w h i c h p r o v i d e s f o o d a n d accommodation free of cost to the poor students. CMD handed over the cheque to Swami Jitakamananda Maharaj, President of the Mission on January 26, 2013.

KIOCL has provided 2 Oxygen Concentrators t o t h e G o v e r n m e n t H o s p i t a l a t Chickkanayakana Halli, Tumkur on 19.3.2013. Sri Laxminarayana, Director (Finance) handed over the Oxygen concentrators to the Govt. Hospital. The patient was extended the facility of using the instrument in the presence of Director (Finance) and General Manager (HR).

DIRECTOR (F) HANDS OVER OXYGEN CONCENTRATOR

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The perfect is the enemy of the good.

WE BID ADIEU TO OUR PROUD MEMBERS

Shri / Smt

1. Dr O P Soni, St No. 5052, Director ( Commercial ), Comml Dept, Bangalore

2. Rajanna, St No. 1553, Asst Manager, Administration, Kudremukh

3. I K Ganapathy, St No. 2216, Asst Manager (Vig), Vigilance Dept, Bangalore

4. K Chandrashekar, St No. 1570, Asst Manager (Commercial), Comml Dept, Mangalore

5. V D Joseph, St No. 2796, Manager (Shops), Shops Dept, Kudremukh

6. G B Yadav, St No. 3146, M. Tech (PP) Pellet Plant, Kudremukh

7. D Koil Selvaraj, St No. 2978, M. Tech , BFU, Mangalore

8. B R Shivaswamy, St No. 1442, Asst Manager (F&A), F & A Dept, Mangalore

9. N Mohan, St No 2926, M. OCM (BF) BFU, Mangalore

10. V Ramachandra, St No. 2791, M. OCM (PP) Pellet Plant, Mangalore

Horse's Mouth wishes them a happy, healthy and active retired life.

Why does the 100 rupee note have a small black triangle on its obverse?

It is a special feature to help the visually impaired to identify the denomination of the note. The Reserve Bank of India (RBI) is the sole issuing authority of banknotes in our country. Currency notes are designed in such a way so as to prevent criminals from counterfeiting them.

In 1996, the Mahatma Gandhi series of banknotes introduced various security features like watermarks and security threads that were not found on earlier currency notes. There is also an additional intaglio (raised print) on the left of the watermark window, on all banknotes except the Rs 5 and Rs 10 banknotes. This feature which can be seen only on the obverse (front) of the note comes in different shapes for various denominations – Rs 20 has a vertical rectangle, Rs 50 has a square, Rs 100 has a triangle, Rs 500 has a circle and Rs 1000 has a diamond.

DO YOU KNOW?

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“Be yourself; everyone else is already taken.”

Mr Kumar Putran, OCM, Port Facilities Deptt of KIOCL, Mangalore brought laurels

to the Company by clinching third prize in 70 KG division and overall first prize in

Masters Division (70 KG division) in the District level body building competitions

conducted by the Dakshina Kannada Body Builders' Association held at Townhall,

Mangalore on February 27, 2013. Trained under Shri Sharath Kumar of Zen Gym,

Surathkal, Kumar Putran had won Bronze Medal in 70 Kg category, Gold medal in

Masters below 70 KG category and Title in Masters category (40 yrs above).

Shri Putran had cultivated interest in body building from his young age and

continued to reach the heights. He has been a good cricketer and sports person. Well

done Kumar, Keep it up! Horse's Mouth wishes you many more accolades and

recognition in the future.

Yogarathna, Yoga Praveene Awardee Lathashekhar, Yoga, at International, National and State level Yoga Championships. She has been awarded with titles of:

YOGARATHNA by Gajanana Maha Mandali and Karnataka Social Development Society on 16-09-2010 and YOGAPRAVEENE by Bangalore Shivajyothi Yoga Kendra on 03-12-2011.

She holds Degree and Diploma qualification in Yoga and she has completed her Senior Bharathanatyam in the year 2011. She is currently pursuing Doctorate in Yogic sciences. She is also taking part as a choreographer/ dancer in Guinness Record Kuchupudi Dance event which will be held at Kanteerava stadium, Bangalore on 14-04-2013. KIOCL wishes her for the exemplary performance .

National and International Gold Medalist inSmt Latashekar, w/o Sri TV Shekhar, Systems Dept, Bangalore has won several awards/ Gold medals

Seven employees of Mangalore Unit participated in the Vishwakarma National Award competitions at New Delhi and have been selected for the prestigious CIDC Viswshakarma Rastriya Puraskar. The Ministry of Labour & Employment, Govt. of India, instituted Vishwakarma Rastriya Purashkar Scheme, previously known as Shram Veer National Awards in the year 1965, for rewarding and recognizing the skill and talents of staff of industrial undertakings at the National level. For the first time, seven employees have been nominated from our Company and all the seven employees have been conferred with prestigious

thVishwa Karma Award at the 5 Construction Industry thDevelopment held on 7 March 2013 at New Delhi. Hats off to all of you. You have added one more feather to

the cap of Company's fame. CMD is seen with the awardees on the occasion of 5th CIDC Vishwakarma Award on 07.03.2013 at New Delhi. Congratulations and keep it up.

VISHWAKARMA AWARDEES

PRIDE OF KIOCL FAMILY

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Printed and published on behalf of KIOCL Ltd, II Block, Koramangala, Bangalore- 560034by Corporate Communications Department Bangalore.