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KIOCL CMD T Saminathan gets additional charge as Director (Commercial)

KIOCL Limited's Chairman & Managing Director (CMD) T Saminathan has been assigned with the additional responsibility of Director (Commercial) of the company
KIOCL CMD T Saminathan gets additional charge as Director (Commercial)
KIOCL CMD T Saminathan gets additional charge as Director (Commercial)

New Delhi: KIOCL Limited CMD T Saminathan has been assigned with the additional responsibility of Director (Commercial) of the company. He has assumed charge of the post on Tuesday. According to an order from the Ministry of Steel, he has been assigned with the additional responsibility for an initial period of three months with effect from September 7, 2021, or till the appointment of regular incumbent or until further orders, whichever is the earlier. This information has been shared by the Steel PSU in a regulatory filing to the stock exchange on Tuesday. He took over as CMD of KIOCL on September 7.

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, 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.

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Saminathan was instrumental in bringing the tolling concept, which has resulted in increased capacity utilization 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 organization, introduced e-procurement through service provider MSTC and started procurement through GeM portal.

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

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