Kirloskar Ferrous Industries Ltd resumes operations of 'Mini Blast Furnace - I' at Koppal plant

Kirloskar Ferrous Industries Limited has announced that the commercial operations of the 'Mini Blast Furnace - I' of the Company situated at Koppal, Karnataka have resumed with effect from 7 September 2023.

The 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 Crores (net of recoverable taxes) and the same has been financed fully by way of internal accruals.

Shares of Kirloskar Ferrous Industries Ltd was last trading in BSE at Rs. 488.75 as compared to the previous close of Rs. 484.90. The total number of shares traded during the day was 4697 in over 425 trades.

The stock hit an intraday high of Rs. 495.00 and intraday low of 484.45. The net turnover during the day was Rs. 2304446.00.

Source : Equity Bulls

Keywords

KirloskarFerrousIndustries INE884B01025 CommercialOperations MiniBlastFurnace Koppal Resume