Hot Pursuit     19-Jan-23
KIOCL gains on executing lease deed with Karnataka Govt
KIOCL rose 1.50% to Rs 218.35 after the company executed mining lease deed document with Government of Karnataka for amount of Rs 329.17 crore.
On 18 January 2023, a lease deed document was executed for the grant of a mining lease for iron ore and manganese ore, over an extent of 388 hectares (ha) for a period of 50 years in Devadari Range in Karnataka. The company paid a total amount of Rs 329.17 crore, which includes the stamp duty, cess on stamps and fees for registering documents.

KIOCL is engaged in business of iron ore mining benefication and production of high quality pellets. The company reported net loss of Rs 102.22 crore in Q2 FY23 as compared to Rs 30.33 crore in Q2 FY22. Net sales tumbled 66.6% Year on Year to Rs 154.43 crore in Q2 FY23.

Previous News
  KIOCL fixes record date for interim dividend
 ( Market Beat - Reports 12-Nov-21   16:46 )
  KIOCL reports standalone net loss of Rs 43.78 crore in the June 2022 quarter
 ( Results - Announcements 04-Aug-22   08:15 )
  KIOCL to pay dividend
 ( Market Beat - Reports 20-Sep-22   14:24 )
  KIOCL gains on signing mining lease agreement with Karnataka Govt.
 ( Hot Pursuit - 03-Jan-23   11:22 )
  KIOCL standalone net profit rises 669.53% in the September 2020 quarter
 ( Results - Announcements 12-Nov-20   08:26 )
  KIOCL receives affirmation in credit ratings from Brickwork Ratings
 ( Corporate News - 27-Feb-24   16:46 )
  KIOCL Ltd leads gainers in 'B' group
 ( Hot Pursuit - 20-May-22   12:15 )
  KIOCL signs mining lease for Devadari Range in Karnataka
 ( Corporate News - 03-Jan-23   10:43 )
  KIOCL restarts operations of pellet plant unit at Mangalore
 ( Corporate News - 24-Nov-22   18:43 )
  Volumes spurt at KIOCL Ltd counter
 ( Hot Pursuit - 31-Dec-18   14:30 )
  KIOCL to conduct board meeting
 ( Corporate News - 25-Sep-19   12:44 )
Other Stories
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
  GRSE bags Rs 226-cr LoA from West Bengal Govt
  04-Oct-24   14:40
  Volumes soar at Avenue Supermarts Ltd counter
  04-Oct-24   14:30
  Real Estate stocks edge lower
  04-Oct-24   14:00
  Auto stocks edge lower
  04-Oct-24   14:00
  Utilties stocks edge lower
  04-Oct-24   14:00
  HDFC Bank Ltd down for fifth straight session
  04-Oct-24   13:35
  Power Grid Corporation of India Ltd down for fifth straight session
  04-Oct-24   13:35
Back Top