Kirloskar Industries has received an approval for development of some of the land parcels owned by the company at Kothrud in accordance with the Main Object Clause of the Memorandum of Association of the Company.
The board of directors at its meeting held on March 6, 2018 has approved for the same. The board also approved the proposal to promote a subsidiary company which will be carrying out financial service business.
Kirloskar Industries is a holding company engaged in the manufacturing of iron castings. The company’s segments are Wind power generation; Investments (Securities and Properties), and Iron Casting.