Stock Report

KIOCL Ltd receives nod for mining in Devadri Hill range

Posted On : 2022-12-17 12:26:32( TIMEZONE : IST )

KIOCL Ltd receives nod for mining in Devadri Hill range

Ministry of Environment, Forest and Climate Change (Forest Conservation Division), Government of India vide its Letter dated 16th December, 2022 intimated that the Central Government has accorded Final approval / Stage - II approval under the Forest (Conservation) Act, 1980 for the diversion of 401.5761 hectare (388.00 ha for mining + 13.5761 ha. for approach road=401.5761 ha.) of forest land in Swamimalai Block Forest, Sandur Taluk, Ballari District, Karnataka state for Iron Ore and Manganese Ore Mining in Devadari Hill Range in favour of M/s KIOCL Ltd, subject to the conditions mentioned in aforesaid letter.

Shares of KIOCL Limited was last trading in BSE at Rs. 211.30 as compared to the previous close of Rs. 221.00. The total number of shares traded during the day was 10117 in over 839 trades.

The stock hit an intraday high of Rs. 220.05 and intraday low of 207.95. The net turnover during the day was Rs. 2171460.00.

Source : Equity Bulls


KIOCL INE880L01014 Ministry Approval ForestLand Mining IronOre ManganeseOre