Shares of KIOCL Ltd hit 20% upper circuit to ₹401 per share
Shares of KIOCL Ltd, a Miniratna PSU under the Ministry of Steel, hit a 20% upper circuit to ₹401 per share. This surge follows approval from the Cochin Special Economic Zone to exit the 100% Export Oriented Unit (EOU) Scheme. This strategic shift for KIOCL, a major iron ore mining and pellet producer, will involve fulfilling customs and tax obligations.