08
Feb
14:24
KIOCL earnings, production plummet on export duty imposition
Being an export-oriented unit, the imposition of a 45% export duty last May severely impacted KIOCL’s earnings and operations as the company had to temporarily stop production activities.
It therefore incurred a loss of INR 146 crore ($17.68 million) in the September quarter, while December-quarter revenue from operations plummeted 19.25% on-year to INR 307.11 crore and net loss was INR 33.88 crore.
Post duty removal in November, the company had to strive …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous