Kudremukh Iron Ore
Company Limited (KIOCL), a public sector undertaking of the Steel
Ministry has recorded a net profit of Rs. 61.14 crore during the
period April to December 2002 as against Rs. 53 crore during the
same period last year. The net profit before tax including the
refund of export duty during the period was Rs. 82.09 crore as
against Rs. 63.59 crore during the corresponding period of the
previous year. During this period the cash profit also increased
from Rs. 105 crore to Rs. 120 crore.
During these nine
months the company sold iron ore concentrate worth Rs. 119 crore
and pellets worth Rs. 380 crore in place of Rs. 162 crore and
Rs. 356 crore respectively during the same period last year. KIOCL
produced 37 lakh tonnes of concentrate and 24.3 lakh tonnes of
pelletes during April to December 2002-2003 achieving 92 and 94
per cent of the targets respectively.
