Kirloskar Ferrous Industries Ltd Commences operations of 20 MW Power plant at Koppal, Karnataka

Kirloskar Ferrous Industries Limited has announced that operations of 20 MW Power Plant attached to second phase of Coke Oven Plant situated at Bevinahalli Village, District Koppal, Karnataka has been commissioned with effect from 29 March 2023.

The power will be generated by recovering the waste heat emanating from second phase of Coke Oven Plant. It will be utilized primarily for captive consumption resulting in the reduction of power cost.

The installation of second phase of Coke Oven Plant alongwith 20 MW Power Plant has involved the capital expenditure of around ₹ 290 Crores (net of recoverable taxes) and the same has been financed partly by internal accruals and partly by availing borrowing from the bank.

Shares of Kirloskar Ferrous Industries Ltd was last trading in BSE at Rs. 457.00 as compared to the previous close of Rs. 436.20. The total number of shares traded during the day was 29312 in over 1831 trades.

The stock hit an intraday high of Rs. 459.90 and intraday low of 432.85. The net turnover during the day was Rs. 13131316.00.

Source : Equity Bulls

Keywords

KirloskarFerrousIndustries INE884B01025 20MW PowerPlant Koppal Karnataka