The Bengaluru-based company informed the exchanges that Jhawar had left the company, citing personal reasons
Manoj Kumar Jhawar resigned as chief financial officer (CFO) of Kudremukh Iron Ore Company (KIOCL), a central public sector enterprise under the Steel Ministry.
The Bengaluru-based company informed the exchanges that Jhawar had left the company, citing personal reasons. “Manoj Kumar Jhawar has submitted his resignation from the post of Director (Finance) and CFO of the company, effective as of October 18, 2023, for personal reasons,” the company said in a filing.
Since KIOCL is a government-owned business, the Union Ministry of Steel has been informed of his resignation for review; further information would be provided after receiving a response from the ministry, per a regulatory filing.
KIOCL is a flagship company under the Ministry of Steel, Government of India, formed on April 2, 1976, for the mining and beneficiation of low-grade iron ore at Kudremukh, Karnataka, India.
KIOCL has over four decades of experience in operating iron ore mining, beneficiation, and iron oxide pelletization in the country. It currently has facilities to operate a 3.5 MTPA iron-oxide pellet plant and blast furnace unit to manufacture 2.16 lakh metric tonnes per year of pig iron in Mangaluru, Karnataka.