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Kirloskar Ferrous Industries gets nod to raise Rs 750 crore via NCDs

17 May 2024 Evaluate

Kirloskar Ferrous Industries has received approval for raising of funds not exceeding Rs 750 crore by way of issuance of Non-convertible Debentures (NCDs) in one or more tranches. The Board of Directors of the company, at their meeting held on May 17, 2024, inter-alia has approved the same. 

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 130 year manufacturing and engineering legacy, KFIL has been built on a solid foundation of innovation and customer centricity.


Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
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