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
  KIOCL reports standalone net loss of Rs 21.39 crore in the September 2023 quarter
 ( Results - Announcements 09-Nov-23   07:38 )
  KIOCL temporarily suspends operations of Mangalore pellet plant
 ( Corporate News - 24-Aug-22   11:09 )
  KIOCL zooms on H D Kumaraswamy nod to start Devadari mine operations
 ( Hot Pursuit - 13-Jun-24   13:36 )
  KIOCL resumes pellet plant unit operations
 ( Corporate News - 29-May-24   19:09 )
  KIOCL announces cessation of director
 ( Corporate News - 22-Nov-22   17:02 )
  KIOCL to convene board meeting
 ( Corporate News - 01-Nov-23   17:17 )
  KIOCL reports standalone net loss of Rs 30.33 crore in the September 2021 quarter
 ( Results - Announcements 13-Nov-21   08:33 )
  KIOCL Ltd leads gainers in 'A' group
 ( Hot Pursuit - 13-Jun-24   12:00 )
  KIOCL Limited: Ratings reaffirmed; outlook revised to Negative from Stable
 ( Press Releases - 08-Jun-22   10:24 )
  Board of KIOCL to consider buyback of shares
 ( Corporate News - 13-Oct-20   11:33 )
  KIOCL stops pellet production at Mangalore unit
 ( Corporate News - 26-Oct-23   12:42 )
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