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02 Feb
14:21

KIOCL boosts pellet sales further in December quarter

Kudremukh Iron Ore Company (KIOCL) reported a 19% on-year growth in iron ore pellet sales in the third fiscal quarter though December (FQ3) to 638,000 tonnes, Kallanish learns from the state-owned Indian firm. KIOCL’s revenue rose 33% on-year in FQ3 to INR 47,393 lakhs ($73.9 million), and the firm turned to a INR 1,292 lakhs profit after tax from a INR 11 lakhs loss in the year-earlier period. Due to improved sales prices and cost optimisation, the firm r…
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