KIOCL shares boost after bagging 2 orders worth Rs 3.81 cr
The company bagged two orders for mineral exploration in Karnataka worth Rs 3.81 crore from the National Mineral Exploration Trust.
KIOCL Limited is a Flagship Company under the Ministry of Steel, Govt. of India
New Delhi: KIOCL informed that NMET, Ministry of Mines, Govt. of India has approved the Mineral Exploration Projects to be executed by the Company., due to which the company's share strikes up more than 12 per cent on April 17.
The company bagged two orders for mineral exploration in Karnataka worth Rs 3.81 crore from the National Mineral Exploration Trust.
There are two projects which have been approved including polymetallic mineralization in Nagavanda gold and base metal block in parts of Dhanvangere, Haveri and Shimoga districts in Karnataka, which is worth Rs 1.48 crore. And the second project is for the preliminary exploration of amalgamated Kalburgi limestone blocks in the Jevargi area worth Rs 2.33 crore, according to a BSE filing by KIOCL.
Read Also : PowerGrid honoured BHEL at CEO Meet 2024The company's stock price at 11.17 am was at Rs 206 per share, which is up by 14.3 % from the previous close on BSE. In the past five days company's stock price was 15.23%.
About KIOCL
KIOCL Limited is a Flagship Company under the Ministry of Steel, Govt. of India was formed for mining and beneficiation of low grade iron ore at Kudremukh, Karnataka, India. KIOCL is having facilities to operate 3.5 MTPA Iron-oxide Pellet Plant, Blast Furnace Unit to manufacture 2.16 lakh tonnes per annum Pig iron at Mangaluru, Karnataka.KIOCL is an EoU and a profit making, continuous dividend paying Company with a positive net worth and Mini Ratna Category I PSU is also an ISO9001:2015, ISO14001:2015 and ISO45001:2018 certified Company.
Read Also : MOIL Registers historical performance in FY'24News Must Read
- MOIL Registers historical performance in FY'24
- PFC Q4 results, PAT jumps 20% YoY to Rs 5,624 cr
- CBI arrests Addl. General Manager of MIDHANI, Hyderabad in Bribery Case
- DHFL Scam: India's Biggest Banking Scam
- CONCOR CMD Interacts with Cold Chain Logistics industry leaders based in Japan
- Harsh Baweja takes charge as Director (Finance), REC Limited
- Cochin Shipyard Limited secured a Large order from a European Client
- Karur Vysya Bank announces Q4 Results: Registers 45% Growth in Net Profit
- PSU stocks on way to announce IPO for their green energy segment
- BEML reports stellar performance in Q4 FY24 results: Net Profit jumps by 62.5%