Operations of the mine have commenced from 24 March 2021 and will continue till 5 April 2021 in accordance with the validity of the forest clearance approval received from the Government of Karnataka.

The company said that it is in process to obtain necessary approvals/permissions for renewal of validity of the forest clearance beyond 5 April 2021 and the update will be given upon receipt of the renewal of forest clearance.

Kirloskar Ferrous Industries' principal activity is to manufacture and supply iron castings. On a consolidated basis, the company posted a 95.7% jump in net profit to Rs 12.84 crore on a 32.4% rise in net sales to Rs 81.81 crore in Q3 FY21 over Q3 FY20.