KIOCL Q1 net loss narrows to Rs 15.48 crore 
News Updates

KIOCL Q1 net loss narrows to Rs 15.48 crore

KIOCL on Thursday said the company trimmed its standalone net loss to Rs 15.48 crore in the June quarter, supported by increased revenues

PSU Watch Bureau

New Delhi: State-owned KIOCL on Thursday said the company trimmed its standalone net loss to Rs 15.48 crore in the June quarter, supported by increased revenues.

The company had posted a net loss of Rs 37.79 crore in the same quarter a year ago, the iron ore pellet maker said in an exchange filing.

Also read:Coal India arm BCCL Q1 loss at Rs 68 crore

During the April-June period, the company's total revenue rose to Rs 180.46 crore, up 67 per cent from Rs 108.09 crore in the year-ago quarter.

KIOCL Ltd, a public sector enterprise under the Ministry of Steel, operates a 3.5 million tonne per annum (MTPA) iron-oxide pellet plant and a blast furnace unit to manufacture pig iron at Mangaluru, Karnataka.

(PSU Watch is India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy. 👉 Click to join our channel now: PSUWatch WhatsApp Channel. Prefer LinkedIn? Follow PSU Watch on LinkedIN. Click to stay connected on Twitter here and stay updated)

Also Read

Indian battery component makers face up to 61% cost disadvantage against imports: Report

NHPC inks power purchase agreement with Essar Renewables for Rs 4,500-crore project

BHEL bags four thermal power projects worth up to Rs 28,000 crore from Adani Power

Germany keen to partner with Indian firms for solar panel, battery manufacturing: Envoy

Rupee gains 14 paise to 94.61 against US dollar as crude eases, foreign inflows strengthen