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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 …
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