Kirloskar Ferrous Industries Limited updates on acquisition of assets of VSL Steels Limited
Posted On: 2021-02-08 04:33:22 (Time Zone: Arizona, USA)
Kirloskar Ferrous Industries Limited has announced that renovation of the assets relating to pig iron plant situated at Paramenahally Village, Hiriyur, Chitradurga District 577598, Karnataka has been completed and manufacturing operations of pig iron have commenced on 8 February 2021 after obtaining necessary approvals / permissions / licenses from statutory / government authorities.
Shares of KIRLOSKAR FERROUS INDUSTRIES LTD. was last trading in BSE at Rs.148 as compared to the previous close of Rs. 146.65. The total number of shares traded during the day was 17820 in over 342 trades.
Kirloskar Ferrous Industries Limited update on acquisition of assets of VSL Steels Limited
Posted On: 2020-12-23 07:56:15 (Time Zone: Arizona, USA)
After receipt of the approval of the Board of Directors and the Members of VSL Steels Limited [ the Seller ], the Company has completed on 23 December 2020 the acquisition of movable and immovable assets relating to the pig iron plant of the Seller situated at Paramenahally Village, Hiriyur, Chitradurga District - 577598, 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. The company will update in due course after commencement of operations of the pig iron at that plant.