KIC Metaliks Share Price

KIC Metaliks Limited was initially incorporated in the name of Kajaria Iron Castings Limited in August, 1986. The name of the Company was subsequently changed to KIC Metaliks Limited in 2003. Company has emerged as one of Indias fastest growing pig iron manufacturers and exporters. It presently works manufacturing facilities at VillRaturia, Near Durgapur in West Bengal.Major clients of the company are located in West Europe, the US, the UK and West Asia. Its major products are cast iron manhole covers and cast iron gully gratings and covers. The company came out with a public issue in Oct.94 (premium : Rs 30). It started the civil construction work project.In 1998, Company commenced the Pig Iron Plant with capacity of 1,10,000 MTPA. Company commissioned the Hot Blast Stove in January, 2007 resulting in fuel efficiency and increasing productivity.During the year 201112, the Company commissioned Annular Sinter Plant of capacity 3,36,000 MTPA. The 4.7 MW Waste Heat Recovery based Captive Power Plant was synchronized in Mar12. During the year 201314, Company upgraded and enhanced the capacity of its Mini Blast Furnace (MBF) at Durgapur Plant through modernization cum expansion plan using state of art technology by replacing its major old equipments, as a result of which, the installed annual capacity of the MBF increased from 1,10,000 MT to 1,65,000 MT.The Company undertook expansion projects namely the setting up of Pulverized Coal Injection (PCI) system along with Oxygen and Nitrogen Gas Plant at the existing MBF site and also a second 25 m2 Annular Sinter Plant during the year 201920. K I C Metaliks Limited was formed a wholly Owned Subsidiary Company in the name of KIC Minerals Private Limited on November 15, 2019.During the year 202021, the Company commissioned a Pulverised Coal Injection (PCI) system for the existing Mini Blast Furnace (MBF), an Oxygen plant and a 25m2 Annular Sinter Plant in Q2 of FY 202021 both for increasing hot metal production capacity from 1,65,000 MTPA to 2,35,000 MTPA as well as for reduction in hot metal cost. During the year 202223, the Company installed Coke Drying System.

For the full year FY2022–2023, revenue reached ₹538.3 crore and profit touched at ₹38.67 crore.