Kirloskar Ferrous Industries shines on resuming operations of Mini Blast Furnace II in Karnataka

Kirloskar Ferrous Industries is currently trading at Rs. 193.80, up by 4.65 points or 2.46% from its previous closing of Rs. 189.15 on the BSE.

Kirloskar Ferrous
Kirloskar Ferrous

The scrip opened at Rs. 194.85 and has touched a high and low of Rs. 195.10 and Rs. 193.00 respectively. So far 375 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 313.75 on 30-Jul-2021 and a 52 week low of Rs. 183.75 on 25-Jan-2022.

Last one week high and low of the scrip stood at Rs. 203.15 and Rs. 185.05 respectively. The current market cap of the company is Rs. 2624.31 crore.

The promoters holding in the company stood at 58.96%, while Institutions and Non-Institutions held 9.48% and 31.56% respectively.

Kirloskar Ferrous Industries has completed upgradation of the Mini Blast Furnace II (MBF-11) situated at Koppal plant, Karnataka and has resumed the operations of MBF-11 from 4 July 2022.

After upgrade of MBF-11, the manufacturing capacity of pig iron in respect of MBF-11 has increased from 1,80,000 Metric Tonne per annum to 2, 17,600 Metric Tonne per annum and consequently, total manufacturing capacity of pig iron at company level has increased to 6,09,000 Metric Tonne per annum.

Kirloskar Ferrous Industries (KFIL) was formed with the intention of transforming the high quality Pig Iron and Grey Iron casting industry. With a parent company that possesses a rich 130year manufacturing and engineering legacy, KFIL has been built on a solid foundation of innovation and customer centricity.

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