PSU PRESS RELEASE
The 40th AGM of KIOCL
The 40th AGM of KIOCL
Bengaluru. The 40th Annual General Meeting of the shareholders of KIOCL Ltd was held on 24th Sept 2016 at Bengaluru.
Addressing the shareholders, Shri Malay Chatterjee, CMD, KIOCL Ltd, mentioned that, the global steel sector is passing through a critical phase and KIOCL is not an exception. Though the results of the previous financial year were not encouraging due to slump in market, the current financial year is looking ahead with positive contribution.
He also highlighted that the company has resumed its pellet plant operations since early September with back to back confirmed order for four shipments. The progress for resumption of its BF unit is also at very advance stage.At the AGM, shareholders unanimously approved the audited balance sheet and accounts for the year 2015-16.
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