AIA Engineering today started commercial production under first phase of the company's greenfield project at GIDC, Kerala in Gujarat. The installed capacity under the first phase is 66,000 million tonnes(MT) per year.

The company has also completed its brownfield expansion of 14,000 MT per year at its Trichy plant.

With this expansion, the total installed capacity of wear parts of the group will be augmented from 260,000 MT to 340,000 MT per year. 

Shares of the company gained Rs 15.1, or 1.89%, to settle at Rs 812. The total volume of shares traded was 1,492 at the BSE (Tuesday).