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Kirloskar Ferrous Industries completes acquisition of pig iron plant of VSL Steels

24 Dec 2020 Evaluate

Kirloskar Ferrous Industries has completed the acquisition of movable and immovable assets relating to the pig iron plant of VSL Steels (the Seller) situated at Paramenahally Village, Hiriyur, Chitradurga District, Karnataka. The company is in process to renovate those assets and to obtain necessary approvals / permissions / licenses from statutory / government authorities for commencement of operations.

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.

Peers
Company Name CMP
JSW Steel 1215.70
Tata Steel 175.60
Steel Authority 171.25
Jindal Stainless 736.25
APL Apollo Tubes 2137.60
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