President of India Holds 99% Stake in This Miniratna Company: Iron Ore Mining Stock Price Jumps Over 14% and Hit 8-Month High
DSIJ Intelligence-2 / 19 Aug 2025/ Categories: Mindshare, Trending
The stock is up by 63 per cent from its 52-week low of Rs 1,541.70 per share, trading at an 8-month high.
KIOCL Ltd surged 12.25 per cent to Rs 375.3 at 11:45 IST, emerging as the top gainer in the BSE’s ‘A’ group. On the BSE, 3.47 lakh shares of the company were traded so far, compared with the average daily volume of 4.83 lakh shares recorded in the past one month.
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Earlier, KIOCL Limited has received approval from the Development Commissioner of the Cochin Special Economic Zone to exit the 100 per cent Export Oriented Unit (EOU) Scheme. As part of this process, the company will be required to meet specific obligations such as clearing applicable customs duties and taxes, along with executing necessary legal undertakings. The decision marks a strategic transition for KIOCL, which could influence its operational structure, market orientation, and relationships with stakeholders.
About Company
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KIOCL Limited, formerly known as Kudremukh Iron Ore Company Limited, is a Government of India enterprise under the Ministry of Steel. It holds the status of a Miniratna, Category I company and has been a leading player in the field of iron ore mining and pellet production for decades. Incorporated in 1976, the company was initially focused on developing one of the world’s largest iron ore mines at Kudremukh in Karnataka. Over the years, KIOCL has developed strong expertise in iron ore beneficiation, pelletisation, and filtration technology, making it a preferred name in the global steel value chain. KIOCL operates a state-of-the-art 3.5 million tonnes per annum (MTPA) pellet plant and a blast furnace unit at Mangaluru, Karnataka. The company exports high-quality iron ore pellets to international markets, especially China, South Korea, Japan, and Taiwan, thereby contributing significantly to India’s foreign exchange earnings.
The company has a market cap of over Rs 22,800 crore. The President of India hold a 99 per cent stake in this miniratna company. The company’s Debtor days have improved from 33.8 to 16.4 days, and its working capital requirements have reduced from 84.1 days to 38.1 days. The stock is up by 63 per cent from its 52-week low of Rs 1,541.70 per share, trading at an 8-month high.
Disclaimer: The article is for informational purposes only and not investment advice.