05
Aug
08:06
KIOCL books loss following pellet plant temporary shutdown
Following the imposition of export taxes, KIOCL suspended its pellet plant operation in Mangalore, impacting its financial results. The firm booked a net loss of INR 437.8 million ($5.52 million) in the fiscal quarter ended 30 June 2022 (FQ1) against a net profit of INR 2.16 billion last year, Kallanish notes.
The loss can be attributed to a fall in revenue from the pellet plant operation, which plunged to INR 3.55 billion in the June quarter against INR 10.35 bil…
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Very good overview of the weekly steel market.
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