Union Minister of Steel lays foundation stone for Coke Oven Plant at KIOCL

Shri Ram Chandra Prasad Singh, Hon'ble Minister of Steel, Govt. of India, visited Blast Furnace Unit to lay Foundation stone for Coke Oven Plant on 20.02.2022. Shri Shri T Srinivas, Jt Secretary, Officials from Ministry of Steel, Govt of India, Shri T Saminathan, CMD, Shri SK Gorai, Director (Finance), Shri KV Bhaskara Reddy, Director (Production & Projects), senior officials of KIOCL were present The proposed project is for Setting up of 2.0 LTPA Ductile Iron Spun Pipe Plant under forward & 1.80 LTPA Coke Oven Plant under backward integration projects at Blast Furnace Unit at a Capex of 836.90 Crores and would take 24 months to complete from the date of placement of order on the Main technological package supplier.

Shri T Saminathan, CMD,KIOCL stated that with the suitable patronage and support of Steel Ministry, this Mini Ratna CPSU is all poised to get back its erstwhile shine and glory by demonstrating its core competency in Mining and Pelletization industry in the Country.

The Honorable Minister would be visiting Kudremukh facility, Lakya Dam on 21.02.2022 and the afforestation work carried out by the company.

Shares of KIOCL Limited was last trading in BSE at Rs. 222.45 as compared to the previous close of Rs. 225.80. The total number of shares traded during the day was 2581 in over 357 trades.

The stock hit an intraday high of Rs. 228.00 and intraday low of 220.25. The net turnover during the day was Rs. 577852.00.

Source : Equity Bulls

Keywords

KIOCL INE880L01014 FoundtionStone CokeOvenPlant BlastFurnaceUnit