Kirloskar Ferrous soars on emerging as preferred bidder for Jambunatha iron ore mine in Karnataka
Kirloskar Ferrous Industries is currently trading at Rs. 597.05, up by 19.30 points or 3.34% from its previous closing of Rs. 577.75 on the BSE.
The scrip opened at Rs. 586.00 and has touched a high and low of Rs. 614.00 and Rs. 586.00 respectively. So far 75378 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 830.00 on 29-Jul-2024 and a 52 week low of Rs. 423.00 on 06-May-2025.
Last one week high and low of the scrip stood at Rs. 614.00 and Rs. 566.20 respectively. The current market cap of the company is Rs. 9868.38 crore.
The promoters holding in the company stood at 50.90%, while Institutions and Non-Institutions held 12.56% and 36.53% respectively.
Kirloskar Ferrous Industries has been declared as ‘Preferred Bidder’ by Government of Karnataka in respect of electronic auction conducted on January 27, 2025 for ‘Jambunatha Iron Ore Mine’ based on the highest final price offer submitted by the Company.
The grant of mining lease by the Government of Karnataka in respect of aforesaid iron ore mine shall be subject to making necessary payments, completion of other terms and conditions of the Tender Document, obtaining of necessary approvals / permissions / clearances from various Government Departments / Agencies and execution of necessary agreements / deeds in relation thereto.
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.stoc
