New Delhi: T Saminathan has been appointed as Chief Executive Officer (CEO) of KIOCL Limited, a miniratna PSU under the Ministry of Steel. He has been serving as Chairman & Managing Director (CMD) of KIOCL since September 7. The board of directors of KIOCL Limited in their meeting held on November 12 have designated Saminathan as its CEO with effect from November 12, KIOCL said in a regulatory to the stock exchanges on Saturday.

Saminathan holds a degree in Mechanical Engineering and Post Graduate Diploma in Business Management and has more than three decades of experience in KIOCL Ltd in the field of iron ore mining, beneficiation, pelletization and pig iron making since joining KIOCL Limited in the year 1986 as a Graduate Engineer.

During the initial period, Saminathan has served in Kudremukh Mine and Beneficiation Plant before moving on to Corporate Office, Bengaluru, in 1992. He has executed projects like, Crusher- III installation, Relocation of Crusher-I and installation of additional Ball Mills at Kudremukh.

Saminathan was instrumental in bringing the tolling concept, which has resulted in increased capacity utilisation of Pellet Plant and has improved the physical and financial performance of the company. He has put in place system improvements in supply chain and logistics, which have resulted in reduced transit and handling losses of Iron Ore Fines and brought down inventory holding levels. He has also framed and implemented Risk Management Policy across the organisation, introduced e-procurement through service provider MSTC and started procurement through GeM portal.

Saminathan is a lifetime member of the Indian Institute of Materials Management (IIMM) and the Indian Institute of Mineral Engineers (IIME).

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