New Delhi: T Saminathan has assumed charge as Chairman-cum-Managing Director (CMD) of KIOCL Limited, a PSU under the Ministry of Steel, on Tuesday at its Corporate Office, Bengaluru. Prior to this assignment, he was serving as Director (Commercial) in the same organisation. According to an earlier order from the Department of Personnel & Training (DoPT), he has been appointed to the post for a period with effect from the date of his assumption of charge of the post till the date of his superannuation i.e. May 31, 2024, or until further orders, whichever is earlier.
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.
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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