KIOCL, formerly Kudremukh Iron Ore Company Limited, a PSU with a pelletisation plant in Mangalore and iron ore mine in Kudremukh is among the top gainers on the BSE currently.
The stock price today surged 17% to hit an intraday high at Rs.209.90, with volumes rising over 38x. Its 52-week high stands at Rs.247.35.
The stock price rose after the company received two mineral exploration project orders aggregating to Rs 4 crore.
One is for Polymetalic Mineralization in Nagavanda Gold & Base Metal Block in parts of Dhanvangere, Haveri and Shimoga District, Karnataka worth Rs.148 crore.
The other one is for preliminary exploration for amalgamated Kalburgi Limestone blocks in Jevargi area, District Kalburgi, worth Rs.2.33 crore.