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KIOCL jumps on resuming pellet production at Mangalore Unit
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KIOCL is currently trading at Rs. 380.10, up by 4.90 points or 1.31% from its previous closing of Rs. 375.20 on the BSE.
The scrip opened at Rs. 381.25 and has touched a high and low of Rs. 394.60 and Rs. 376.50 respectively. So far 70073 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 520.00 on 18-Oct-2023 and a 52 week low of Rs. 165.20 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 394.60 and Rs. 353.80 respectively. The current market cap of the company is Rs. 23255.60 crore.
The promoters holding in the company stood at 99.03%, while Institutions and Non-Institutions held 0.10% and 0.87% respectively.
KIOCL has resumed the pellet production at Pellet Plant Unit of the Company situated at Mangalore. The pellet production has been resumed with effect from January 16, 2024.
Earlier, the company had suspended the operations of Pellet Plant Unit (The Plant) with effect from January 9, 2024 due to non-availability of iron-ore fines.
KIOCL is engaged in the business of manufacturing and exporting high quality Iron Oxide Pellets and supply of pig iron for domestic market. The company also in the business segment of Pellets, Pig Iron.
