KIOCL share price hiked around 7% intraday on 21st November after the company has got a go-ahead signal for the project in Mangalore. Now, the company can set up a forward & backward integration project for BFU (Blast Furnace Unit) at Mangalore.

The expenditure for the project is around INR 836.90 crore; among them, INR 217.17 crore will be from the company’s reserves & remaining through debt.

At 4:00 PM, the share price was quoting INR 120.20 up INR 0.10 or 0.08% on BSE.