KIOCL is a flagship company under the Ministry of Steel, GOI, with Mini Ratna status. It is an export-oriented unit with expertise in iron ore mining, filtration technology and production of high-quality pellets. The company has also ventured into operating and maintenance (O&M) services for steel projects.

The company reported net loss of Rs 29.39 crore in Q2 FY24 as compared with net loss of Rs 102.22 crore posted in Q2 FY23. However, net sales zoomed to Rs 431.15 crore in Q2 FY24 as compared with Rs 154.43 crore posted in same quarter last year.