KIOCL Ltd. (Kudremukh Iron Ore Company Limited) witnessed a significant surge in its share price, jumping by more than 3% after the company announced the resumption of operations at its Pellet Plant Unit located in Mangalore.
In the exchange filing, the company shared, “In furtherance of the above and pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, the Pellet Plant Unit of the Company situated at Mangalore has resumed its operation.”
KIOCL shares opened at ₹372.30, reaching an intraday high of ₹387.00, with a low of ₹372.30. Despite the day’s fluctuations, the stock price remains far from its 52-week high of ₹577.35. On the other hand, the stock’s 52-week low was recorded at ₹306.20.
As of 10:35 am, KIOCL shares were trading 2.34% higher at Rs 380.95 on the NSE.
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