KIOCL strengthens on the bourses

KIOCL is currently trading at Rs. 130.85, up by 0.80 points or 0.62% from its previous closing of Rs. 130.05 on the BSE.

The scrip opened at Rs. 130.00 and has touched a high and low of Rs. 131.00 and Rs. 130.00 respectively. So far 76 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 258.70 on 17-Sep-2018 and a 52 week low of Rs. 114.55 on 16-May-2019.

Last one week high and low of the scrip stood at Rs. 132.65 and Rs. 114.55 respectively. The current market cap of the company is Rs. 8141.01 crore.

The promoters holding in the company stood at 99.06%, while Institutions and Non-Institutions held 0.51% and 0.44% respectively.

KIOCL has dispatched 2.21 million tons of pellets during the financial year 2019 (FY19). Out of the total dispatch, 1.52 million tons of pellets were exported in FY19. The company has reported a production of 2.24 million ton pellets during the year.

This is the highest quantity of pellets exported since the closure of its captive mines. The company has also entered into high grade new Pellet market where premium is high and is used for making quality steel.

KIOCL is Asia’s largest iron ore mining and pelletisation complex and the country’s biggest 100% export oriented unit engaged in the business of exporting high quality iron oxide pellets and pig iron.

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