Hot Pursuit     13-Jul-23
KIOCL soars on restarting operations at Mangalore-based pellet plant
KIOCL jumped 6.29% to Rs 197.80 after the company announced that the operations of its pellet plant unit located at Mangalore have been restarted with effect from 13 July 2023.

The company had temporarily shut down the operations at the said plant w.e.f. 2 July 2023 to carry out refractory repair work.

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 had reported 57.6% fall in net profit to Rs 82.21 crore on a 35.5% decline in income from operations to Rs 734.74 crore in Q4 FY23 over Q4 FY22.

Previous News
  KIOCL reports standalone net loss of Rs 58.04 crore in the June 2023 quarter
 ( Results - Announcements 09-Aug-23   17:59 )
  KIOCL declines on temporary suspension of Mangaluru plant
 ( Hot Pursuit - 13-Dec-23   11:10 )
  KIOCL reports standalone net loss of Rs 43.78 crore in the June 2022 quarter
 ( Results - Announcements 04-Aug-22   08:15 )
  KIOCL gains on signing mining lease agreement with Karnataka Govt.
 ( Hot Pursuit - 03-Jan-23   11:22 )
  KIOCL to set up 1.80 LTPA heat recovery coke oven plant at its Blast Furnance Unit
 ( Corporate News - 23-Nov-21   09:49 )
  KIOCL standalone net profit declines 25.36% in the March 2019 quarter
 ( Results - Announcements 21-May-19   16:25 )
  KIOCL suspends pellet plant operations at Mangalore
 ( Corporate News - 07-Jun-22   17:38 )
  KIOCL to convene board meeting
 ( Corporate News - 18-Jun-20   11:32 )
  KIOCL fixes record date for interim dividend
 ( Market Beat - Reports 19-Jan-18   18:22 )
  KIOCL to commences operations of pellet plant unit
 ( Corporate News - 13-Oct-23   18:05 )
  KIOCL Limited: Ratings reaffirmed; outlook revised to Negative from Stable
 ( Press Releases - 08-Jun-22   10:24 )
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