Bengaluru-based public sector undertaking KIOCL Ltd started trading on leading exchange BSE today.
With market capitalisation of over Rs 5,000 crore, the company has a turnover of Rs 929.36 crore and profit after tax of Rs 47.93 crore, a statement said.
KIOCL Ltd -- a four-decade old profit making Schedule A Mini Ratna under Ministry of Steel -- is largely held by the Government of India and currently manufactures and exports high quality iron oxide pellets to global steel players. It supplies pig iron to the domestic market from its pelletisation and pig iron complex at Mangalore.
KIOCL Ltd was initially set up for mining and beneficiation of low grade iron ore from Kudremukh mines in Karnataka.
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