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Smiths & Founders (India) shifts foundry division to integrate entire operations

21 Jun 2016 Evaluate

Smiths & Founders (India) has shifted its foundry division from KIADB Industrial Area, Shimoga district, Karnataka to Sagar Road, Shimoga district, Karnataka in order to integrate its entire operations (Foundary & Forging) in one location.

The company has sold its land and building at KIADB Industrial Area, Shimoga District in Karnataka. The sale consideration will be utilized to repay its unsecured loans and meeting its working capital requirements.

Smiths & Founders (India) is engaged in manufacturing small, precision and intricate steel forgings. The quality system procedure of the company confirms to ISO -9002 standards.

Peers
Company Name CMP
Bharat Forge 1837.20
Ramkrishna Forgings 696.80
MM Forgings 538.65
Happy Forgings 1916.00
Balu Forge Inds. 487.10
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