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KIOCL contributes to Chief Minister's relief fund

Posted On: 2019-08-22 17:56:09

KIOCL Limited, a Mini-Ratna Category-I, profit making Central PSU, is located in the State of Karnataka. KIOCL being an eco friendly, socially responsible Corporate with a brand for quality and expertise has earnestly pursued excellence in the field of its core business of Iron Ore Mining, Beneficiation & Pelletization for the last four decades.

The Company has been contributing to the State exchequer in the form of Taxes, Cess and other payments. The Company has also been providing employment to local people directly and indirectly to a large extent.

KIOCL has been supporting several programmes in the areas of Education, Medical, and Community development activities. KIOCL has been contributing every year 2% of its profit towards Corporate Social Responsibility and has implemented them effectively in and around our plant premises at Mangalore as well as in other Districts.

Apart from the generous contribution made towards the CSR activities, KIOCL Ltd. team comprising of Shri Subba Rao, CMD, Shri S K Gorai, Director ( Finance), Senior officials and union representatives met Hon'ble Chief Minister of Karnataka and handed over the cheque of Rs. 50,00,000.00 (Rupees Fifty Lakhs only) to the "Chief Minister's Relief Fund for Natural Calamities".

Hon'ble Chief Minister Shri BS Yeddyurappa appreciated the kind gesture of the Management for the contribution towards the flood victims and various initiatives taken under CSR activities in the state of Karnataka.

Shares of KIOCL Ltd was last trading in BSE at Rs.113.1 as compared to the previous close of Rs. 116.7. The total number of shares traded during the day was 14650 in over 327 trades.

The stock hit an intraday high of Rs. 118.05 and intraday low of 111.05. The net turnover during the day was Rs. 1678452.


Source: Equity Bulls

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