Kirloskar Ferrous Industries announced that the installation of new high pressure moulding line has completed at Koppal plant in Karnataka and the commercial production has started with effect from today.
Earlier, the company's board had decided to install a new high pressure moulding line, to enhance the production capacity of castings.
With the installation of this new moulding line, the production capacity of castings has increased by 48,000 MT per annum.
Shares of the company gained Rs 0.7, or 3.07%, to settle at Rs 23.50. The total volume of shares traded was 52,211 at the BSE (Wednesday).