KIOCL Limited, a Mini-Ratna Category-I, profit making Central PSU, is located in the State of Karnataka. KIOCL has a Port based Pellet Plant with capacity of 3.5 MTPA located at Mangaluru. Currently KIOCL is engaged in the business of manufacturing high quality Iron Oxide Pellets.
KIOCL having a vast experience of operating the Pellet Plant of 3.5 mtpa capacity in Karnataka with stateľof-the-art technology as also making of iron oxide pellets in the International & Domestic Market.
The Company has already diversified in the field of O & M services & also proposes to expand its operation in other parts of the country by setting up of new pellet plant on BOO/JV basis which are requirement of the day.
CMD, Shri Subba Rao expressed that keeping the above back ground and experience in view and diversify / expand KIOCL's operation by making use of the emerging opportunities, KIOCL has already signed an MoU with RINL to set up 2 MTPA Pellet plant at Vizag. On similar lines, KIOCL is also planning to sign an MoU to set a Pellet Plant under JV with SAIL.
Shares of KIOCL Ltd was last trading in BSE at Rs.150.5 as compared to the previous close of Rs. 150.6. The total number of shares traded during the day was 2890 in over 130 trades.
The stock hit an intraday high of Rs. 159.9 and intraday low of 150.05. The net turnover during the day was Rs. 444761.