Page 50 - August-2020-Issue

KIOCL Reports All Time High Performance

he Board of KIOCL Limi- tons, highest since closure of of execution. Company has been
ted, approved the financial captive mine (end of 2005) at successful in obtaining statutory
Tresults for the fourth quar- Kudremukh. clearances from Govt. of India
ter and for the financial year 2019- for its envisaged projects viz.,
20. KIOCL continued its march Mr. M. V. Subba Rao, CMD setting up of 2.0 LTPA capacity
ramping up production and des- KIOCL informed that the com- ductile iron spun pipe plant, 1.89
patches in the FY 20 reporting the pany’s financial results for FY LTPA capacity coke oven plant
ever-highest Production, Sales 20 was better not only on the with 10 MW Co-gen power plant,
volume and Turnover after closer sales volume but also on the in- pulverized coal injection sys-
of its captive mines. sights taken by the company that tem and modernization of blast
made it more stronger for the furnace unit. Company is in the
Key Highlights of Performance uncertainty and difficult times process of identifying turnkey
- FY 20 due to COVID-19 pandemic that contractors for various pack-
• Pellet production 2.375 wrapped the world during the ages by fulfilling the guidelines
million tons as against 2.238 last part of the fourth quarter and laid down by GoI under Atma
million tons of previous FY enduring in FY 21. Nirbhar Bharat Abhiyan. Further,
(up by 6% YoY) Total exports of the company Company is actively pursuing for
• Dispatches 2.356 million tons stood at 84%, shot up by 31% obtaining statutory clearances for
as against 2.206 million tons of YoY basis, penetrating into Brazil, its notified mines in the State of
previous FY (up by 7% YoY) Middle East, China European Karnataka.
• Total revenue ` 2056.53 cr., as markets, thereby facilitated in
improving overall performance
against ` 2012.68 cr. of previ- of the company all through 100% Dividend
ous FY (shot up by 2% YoY) utilization of coastal sea route. The Board of Directors have rec-
• Production and despatches ommended a dividend of ` 0.70
are high since 2006 and the New Business and Projects per equity share, subject to the ap-
turnover is high since proval of the shareholders at the
inception of company. KIOCL has entered into explora- Annual General Meeting. The to-
tion of different types of miner-
tal dividend for the financial year
• Profit before Tax ` 63.68 cr., als and received orders worth of ended 31 March, 2020 amounts
st
Profit after Tax ` 43.48 cr. ` 105 Crores from GoI and GoK to ` 43.54 cr., thereby distributing
• Export of Pellet 1.99 million which are under different stages dividend as 100% of PAT.

HUDCO Posts Robust Financial Results in 2019-20

UDCO has recorded `10955.77 cr. in 2018-2019. The The total dividend recommended
Outstanding financial net total income also witnessed by the Company is `620.59 cr. as
Hresults in its Golden a quantum jump of 35% to against `165.16 cr. in the previous
Jubilee Year 2019-2020 witness- `7571.64 cr. in 2019-2020, from year. Further, HUDCO’s Net NPA
ing a 45% growth in Net Profit `5591.22 cr. in 2018-2019. HUDCO is 0.19%, which is among the low-
that has touched an all-time Board has also approved an all- est in the sector. During the year
high of `1708.42 cr. in 2019-2020, time high dividend of Rs 3.10 2019-2020, HUDCO’s emphasis
from `1180.15 crore in 2018-2019. per share subject to approval by was on sanction of projects per-
HUDCO has seen a 13% growth the shareholders. The above in- taining to Housing - PMAY(U),
in its net worth that has reached cludes interim dividend of `0.75 Expressways and Water Supply
`12343.49 cr. in 2019-20, from per share paid in March, 2020. projects.

50 KaleidOscope August, 2020