India's Kirloskar Ferrous Industries rises on capacity expansion

Kirloskar Ferrous Industries

07/02/2023 04:57

** Shares of Kirloskar Ferrous Industries Ltd  KRFI.NS  up
as much as 4.5% at 404 rupees
    ** The pig iron and iron castings maker on Monday said it
commissioned operations at its second Coke Oven Plant in Koppal,
Karnataka
    ** New plant increased factory's output to 400,000 metric
tonnes per annum from 200,000 metric tonnes currently - co
    ** Trade volume near 0.5x the 30-day avg of 277,000 shares
as of 10:00 a.m. IST
    ** Stock up ~11% this year after rising over 67% in 2022
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))