Hot Pursuit     13-Jun-24
KIOCL zooms on H D Kumaraswamy nod to start Devadari mine operations
KIOCL surged 11.63% to Rs 477.60 after the Union steel and and heavy industries minister, H D Kumaraswamy approved the commencement of operations in Devadari iron ore mine in Sandur taluk of Ballari district in Karnataka.
According to reports, KIOCL intends to attain annual iron ore capacity of 2 million tonnes from the mine.

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. As of 31 March 2024, the Government of India held 99.03% stake in the company.

The company reported a standalone net loss of Rs 42.91 crore in Q4 FY24 as against a net profit of Rs 82.21 crore in Q4 FY23. Income from operations jumped 49.34% to Rs 372.18 crore in Q4 FY24.

Previous News
  Barometers hit fresh intraday low; financial services shares decline
 ( Market Commentary - Mid-Session 15-Jun-23   14:42 )
  KIOCL reports standalone net loss of Rs 33.88 crore in the December 2022 quarter
 ( Results - Announcements 08-Feb-23   15:46 )
  KIOCL slides on temporarily discontinuing operations at Mangalore pellet unit
 ( Hot Pursuit - 29-Sep-23   10:10 )
  KIOCL upgrades filtration system at pellet plant unit in Mangalore
 ( Corporate News - 19-Mar-24   16:36 )
  KIOCL Ltd leads gainers in 'A' group
 ( Hot Pursuit - 21-Sep-23   12:00 )
  KIOCL resumes pellet production at Mangalore unit
 ( Corporate News - 05-Sep-23   10:55 )
  KIOCL announces change in directorate
 ( Corporate News - 14-Sep-21   18:57 )
  KIOCL Ltd leads gainers in 'B' group
 ( Hot Pursuit - 20-May-22   12:15 )
  KIOCL to conduct board meeting
 ( Corporate News - 02-Feb-23   15:27 )
  KIOCL signs mining lease deed with Govt. of Karnataka
 ( Corporate News - 19-Jan-23   14:39 )
  KIOCL spurts after pellet plant unit resumes operations
 ( Hot Pursuit - 25-Nov-22   09:59 )
Other Stories
  Kaushalya Logistics spurts on inking LoI with McDonald’s
  27-Sep-24   15:37
  Marsons hits the roof on bagging order worth Rs 675 cr
  27-Sep-24   15:27
  Rites bags order worth Rs 100-cr from Adani Ports & SEZ
  27-Sep-24   15:26
  Reliance Power jumps 56.78% in eight days
  27-Sep-24   15:21
  Home First Finance Company India Ltd leads losers in 'A' group
  27-Sep-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  27-Sep-24   14:45
  BPCL climbs 13% in six days
  27-Sep-24   14:35
  Volumes spurt at Westlife Foodworld Ltd counter
  27-Sep-24   14:30
  Real Estate stocks edge lower
  27-Sep-24   14:00
  Telecom stocks edge lower
  27-Sep-24   14:00
Back Top