KIOCL Limited Exits 100% Export Oriented Unit Scheme, Faces Rs. 36.95 Crore in Pending Demands Aug 11, 2025
More news about KIOCL
28May 25
KIOCL Reports Narrowed Q4 Loss Despite Revenue Decline
KIOCL Limited, a public sector company under the Ministry of Steel, released its Q4 financial results. Revenue decreased by 33.24% year-over-year to ₹2.47 billion. However, the company reduced its net loss to ₹368.60 million, down 14.28% from the previous year's Q4 loss of ₹430.00 million. Sequentially, KIOCL improved its performance, with net loss decreasing by 22.87% compared to the previous quarter's ₹477.90 million.
11Mar 25
Steel Ministry Clarifies: No Decision on KIOCL and NMDC Merger
The Indian Steel Ministry has clarified that there is no current decision to merge KIOCL (Kudremukh Iron Ore Company Limited) and NMDC (National Mineral Development Corporation), dispelling recent speculation in the steel sector. This statement addresses ongoing rumors about potential consolidation among state-owned mining companies. While a merger is not currently planned, the circulation of such rumors suggests possible future strategic considerations for optimizing state-owned mining company performance.