Hot Pursuit     08-Sep-23
Kirloskar Ferrous gains on resuming commercial operations at Koppal Plant
Kirloskar Ferrous Industries rose 1.12% to Rs 494.20 after the company said that commercial operations of the ‘Mini Blast Furnace – I' of the company situated at Koppal, Karnataka have resumed with effect from 7 September 2023.
The company said that replacement of top equipment with bell less top as well as other allied maintenance activities will result in improved operating efficiency of ‘Mini Blast Furnace – I'. The expenditure for aforesaid activities was around Rs 50 crore (net of recoverable taxes) and the same has been financed fully by way of internal accruals.

Kirloskar Ferrous Industries is one of India's largest castings and pig iron manufacturers. The company caters to various industry sectors, such as tractors, automobiles and diesel engines.

The firm's consolidated net profit declined 20.9% to Rs 74.01 crore in Q1 FY24 as compared with Rs 9.56 crore posted in Q1 FY23. Net sales increased 0.6% to Rs 1,502.47 crore in Q1 FY24 as compared with Rs 1,493.82 crore in Q1 FY23.

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  Kirloskar Ferrous Industries fixes record date for final dividend
 ( Market Beat - Reports 04-Jul-23   09:32 )
  Kirloskar Ferrous Industries resume operations of mini blast furnace II
 ( Corporate News - 05-Jul-22   12:41 )
  Kirloskar Ferrous Industries allots 45,850 equity shares under ESOS
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  Kirlosker Ferrous completes installation of HPML at Solapur plant
 ( Hot Pursuit - 21-Mar-23   15:04 )
  Kirloskar Ferrous Industries allots 24,261 equity shares under ESOS
 ( Corporate News - 06-Mar-23   15:32 )
  Kirloskar Ferrous Industries to hold board meeting
 ( Corporate News - 25-Jan-24   14:31 )
  Kirloskar Ferrous suspends operations of mini blast furnace at Koppal plant
 ( Corporate News - 02-Feb-22   16:31 )
  Kirloskar Ferrous Industries standalone net profit rises 135.40% in the March 2021 quarter
 ( Results - Announcements 05-May-21   15:10 )
  Kirloskar Ferrous Industries announces cessation of director
 ( Corporate News - 10-Oct-23   13:31 )
  Kirloskar Ferrous gains on strong Q4 performance
 ( Hot Pursuit - 05-May-21   15:23 )
  Kirloskar Ferrous Industries allots 64,950 equity shares under ESOS
 ( Corporate News - 06-Oct-21   16:18 )
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