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KIOCL soars on signing MoUs for sale of pellets in European Market

Mumbai : KIOCL is currently trading at Rs. 133.00, up by 2.25 points or 1.72% from its previous closing of Rs. 130.75 on the BSE. The scrip opened at Rs. 133.85 and has touched a high and low of Rs. 134.00 and Rs. 131.30 respectively. So far 1070 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. 141.15 and Rs. 118.10 respectively. The current market cap of the company is Rs. 8234.29 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 signed memorandum of understandings (MoUs) at METEC- 2019 at Dusseldorf, Germany for Sale of Pellets in European Market including UK with two Companies i.e. Glencore International AG and Steel Mont GMBH.

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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