KIOCL announced that as a part of upgradation of the existing filtration system to achieve desired moisture in filter cake for pellet feed from iron ore having high alumina & slime, the Company have installed 4 No`s of Vertical Pressure Filters in Pellet Plant Unit. The capacity of each filter is 100 Tons/hr. The filters are under operation now. The performance guarantee test has been started from 18 March 2024 to ensure the desired parameters.Powered by Capital Market - Live News

KIOCL announced that Brickwork Ratings India has reaffirmed credit rating on company`s bank facilities aggregating Rs 1608 crore at BWR A+; Negative / BWR A1+. Powered by Capital Market - Live News

KIOCL announced that the operation of Pellet Plant Unit (The Plant) of the Company situated at Mangalore, planned to be suspended, with effect from 24th February 2024 due to ongoing downward trend in pellet market condition. Powered by Capital Market - Live News

Net profit of KIOCL reported to Rs 39.03 crore in the quarter ended December 2023 as against net loss of Rs 33.88 crore during the previous quarter ended December 2022. Sales rose 90.86% to Rs 549.44 crore in the quarter ended December 2023 as against Rs 287.87 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales549.44287.87 91 OPM %6.58-15.15 - PBDT43.74-26.73 LP PBT36.96-33.88 LP NP39.03-33.88 LP Powered by Capital Market - Live News

The Board of KIOCL at its meeting held on 13 February 2024 has appointed Saumen Das Gupta, as the Chief Financial Officer (CFO), Key Managerial Personnel of the Company with immediate effect.Powered by Capital Market - Live News