KIOCL zooms in trade today. Here's why!

KIOCL zooms over 7% in trade today after it informed the exchanges that the company has restarted operations at their pellet plant unit in Mangalore with effect from 24 November. The company had, after the imposition of export duty on iron ore pellets at the rate of 45% in the month of May this year, informed the exchanges that they had suspended their operations as it was unviable to operate after the impositon of export duty. GoI, last week rolled back export duty to pre May 2022 levels. Consequently, KIOCL has also restarted operations at their pellet plant in Mangalore. Company generated 98% of their revenues through exports in FY22. #KIOCL #nifty #index Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com