K I C METALIKS LIMITED (formerly known as Kajaria Iron Castings Limited) founded in the year 1986 is a listed public limited company. It commissioned the pig iron unit in the heart of steel city Durgapur in February 1998 with installed capacity of 1,08,000 MT of pig iron per annum. It was the first green field industry of this region amongst medium scale industries. Further under a drive of forward integration, a Grey Cast Iron Foundry for export of castings to Western Countries and a Cement Unit were set up which started production in the year 1999 and 2001 respectively.
M/s. Karni Syntex Private Limited took over the Company from the erstwhile Chairman Mr. Ravi Kumar Kajaria in December 2008 through a share purchase agreement. The formal change in management and control of the company took place on January 30, 2010 and Mr. Radhey Shyam Jalan “Mr. Jalan” was appointed as the new Chairman and Managing Director of the Company. During the years passed, K I C has established itself as a leading producer of Pig Iron in Eastern India. The blast furnace at K I C with an upgraded annual capacity of 1,65,00,00 MTPA produces Foundry and Steel grades of Pig Iron. The Company also has an Annular Sinter Plant with a capacity of 3,36,600 MTPA at its existing plant location which helps save raw material costs by processing cheaper iron ore fines into coarse grained iron ore lumps for charging the blast furnace. The use of Sinter in blast furnace reduces the coke consumption per MT of hot metal, bring down operational costs, and enhance productivity, making K I C more cost competitive in both domestic and overseas market. To tap the waste gases generated during the process of production of Pig Iron, K I C went ahead to set up 4.7 MW, Blast Furnace Gas based Captive Power Plant which brought down energy costs of and reduced environmental damage too. With such high-potential business divisions, the Company is confident of delivering higher levels of profitability, leadership and measurable results to its customers, business partners and stakeholders. The Company is regularly making efforts to improve its business processes and product quality to retain and enhance its market share and to provide for improved quality of customer satisfaction.
To remain more competitive K I C has set up a second 25m2 Annular Sinter Plant as well as Pulverized Coal Injection (PCI) System along with Oxygen and Nitrogen Gas plant to face the uncertainties towards availability of the costly iron ore lumps and reduce the metallurgical coke consumption rate. Consequent to this expansion cum modernisation production capacity of the MBF increased from 1,65,00,000 MTPA to 2,35,00,000 MTPA.
Spread in an area of about 76 acres our plant has an employment capacity of approximately 500 persons in various categories. At present K I C has around 200 technically skilled staff with high experience & knowledge in the field of Steel making. The young and energetic Chairman of the Company, Mr. Jalan being a Commerce (Honours) graduate and a Chartered Accountant and with an experience of over two decades in Business Administration, has made the Company formidable and is striving harder to achieve more heights. In a short span of time, he has reached pinnacle of success by his hard work, vision, and entrepreneurial spirit.
K I C as a good corporate citizen is involved in the betterment of their local community and society as a whole. It maintains strict quality standards in its plant and adheres to all pollution and Safety Control measures and moreover, thrust is given to environmental protection at large.
K I C is also committed to follow best Corporate Governance Practices in all its pursuits and is constantly striving to better them and adopt emerging best practices. It always endeavors to create an environment of fairness, equity and transparency in transactions with the underlying objective of securing long term shareholder value enhancement while, at the same time, respecting the rights of all stakeholders of the Company and the society at large.