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Kirloskar Ferrous Industries is currently trading at Rs. 480.45, up by 1.05 points or 0.22% from its previous closing of Rs. 479.40 on the BSE.

The scrip opened at Rs. 485.00 and has touched a high and low of Rs. 485.00 and Rs. 475.00 respectively. So far 2089 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 533.50 on 01-Aug-2023 and a 52 week low of Rs. 253.95 on 30-Sep-2022.

Last one week high and low of the scrip stood at Rs. 485.00 and Rs. 454.00 respectively. The current market cap of the company is Rs. 6667.65 crore.

The promoters holding in the company stood at 56.61%, while Institutions and Non-Institutions held 12.42% and 30.97% respectively.

Kirloskar Ferrous Industries has acquired 100 percent of the paid-up equity share capital and the sole management control of Oliver Engineering (OEPL) in terms of the Order passed by the National Company Law Tribunal, New Delhi and OEPL has become wholly owned subsidiary of KFIL with effect from September 29, 2023. The company has acquired 90,00,000 equity shares of Rs 10 each (i.e. 100 percent of the paid-up share capital) aggregating to Rs 9 crore on September 29, 2023.

The acquisition will facilitate expansion of geographical reach in the castings business and cater to the growing needs of customers in Northern India.

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.