KIOCL News

KIOCL Independent Director Changdev Kamble Tenure Ends

KIOCL Limited announces completion of Shri Changdev S Kamble's one-year tenure as Independent Director on April 15, 2026. No replacement appointed yet by Government of India.

KIOCL Credit Rating Downgraded and Withdrawn by BWR

Brickwork Ratings downgrades KIOCL's bank loan facilities rating to BWR A- with negative outlook before withdrawing ratings following full repayment of ₹1,050 crore facilities.

KIOCL Reports Reduced Net Loss and Significant Revenue Growth in Q2

KIOCL reported a net loss of 171.5 million rupees in Q2, a substantial improvement from the previous year's loss of 692 million rupees. The company's revenue surged to 1.42 billion rupees compared to 161.4 million rupees in the same quarter last year, indicating strong operational recovery despite continued losses.

KIOCL Stock Falls 7% After 50% Surge Amid Minimal Free Float

KIOCL Ltd. shares dropped over 7% to ₹578 on Tuesday following a nearly 50% surge over three trading sessions. The stock had gained 20% on both Friday and Monday, with Monday's trading volumes reaching 2.6 crore shares compared to the 20-day average of 16.2 lakh shares. The iron ore mining company experiences exaggerated price movements due to having almost zero free float, with the government holding a 99% stake. KIOCL's market capitalization exceeded ₹38,000 crore as of Monday's close, with Monday's turnover being five times higher than the company's free float market cap. Tuesday's decline also occurred on heavy volumes of close to 20 lakh shares.