Kirloskar Ferrous Industries Ltd
NSE: KIRLFER BSE: 500245
₹450.15
-13.80 (2.97%)
Fri, 23 Oct 2026, 03:07 pm
Market Cap (in Cr)7683.66
PE Ratio21.57
Dividend1.29
Non-Energy Minerals
Steel
24.5KKirloskar Ferrous Industries Ltd Company History
1991
- The company was incorporated on 10th September, as a Public Limited company under the name of Kirloskar Ferrous Ltd Co.
- The company obtained the certificate of commencement of business on 18th November.
- The main objective of the company is to manufacture pig iron and ferrous castings.
- The company undertook to set up a project for manufacture of 37,500 TPA of ferrous castings and 1,20,000 TPA of pig iron.
1992
- The company entered into an agreement on 1st June, with Tata Korf Engineering Services Ltd, for technical know how, consultancy services, performance guarantee for production of hot metal etc.
1993
- The company installed a second mini blast furnace MBF II of the capacity of 1,20,000 TPA.
- 810 No. of equity shares allotted for cash at par.
- 584,99,190 No. of equity shares of Rs. 10 each share issued at par through a prospectus during January 1994.
1994
- The company has started commercial production of pig iron on 1st April.
- The company also does not have any foreign collaboration and has not so far exported any goods or services.
1995
- The order book position was showing encouraging trends, therefore, the company proposed to expand the production capacity from 37,500 TPA to 60,000 TPA.
1996
- The company proposed to make a Rights issue of 14,625,000 Zero Interest unsecured fully convertible debentures of Rs. 15 for cash fully convertible debenture of Rs. 15 for cash at par.
1997
- One of the two mini blast furnaces which was closed for scheduled relining would start production in early July.
- The Company has allotted 12% Redeemable Non-c 45000000 preference shares of Rs. 10 each.
- The company has integrated into foundries where the main raw material is pig iron.
1998
- The Company has availed under an agreement, technical know-how and consultancy services for the Mini Blast Furnace from Tata Korf Engineering Services Ltd, Calcutta.
- The Company has absorbed the technology in full as a result of which the scheduled relining of the Mini Blast Furnace could be completed and Furnace restarted without any problems.
1999
- The Company has got recertification of ISO 9002 for another 3 years.
2001
- The Board has allotted 40 lakh equity shares of Rs 10 each to ICICI Ltd by conversion of term loan into equity share capital.
- The Company has allotted 47.22 lakh fully paid equity shares (Rs 10 each) aggregating Rs 4.72 crore to Industrial Finance Corporation of India Ltd.
- The Board of Directors of the company has decided to increase in authorised share capital of the Company from Rs. 155,00,00,000 to Rs. 222,00,00,000.
2003
- The Board of Directors has appointed Mr R V Gumaste as the Managing Director of the Company, with effect from July 1, 2003.
- A proposal to seek voluntary delisting of the Company's equity shares from the Pune Stock Exchange Ltd and Delhi Stock Exchange Association Ltd.
2005
- Kirloskar Ferrous Industries Ltd has appointed Mr. A N Alawani as an Additional Director.
2006
- Kirloskar Ferrous Industries Ltd has approved the acquisition of the Castings Division of Kirloskar Oil Engines Ltd at Shivashahi, Solapur with all its assets and liabilities for a consideration of Rs 210 million.
- Kirloskar Ferrous Industries Ltd Issues Rights in the Ratio of 9:10.
2012
- Kirloskar Ferrous Industries Ltd has completed the installation of Sinter Plant at the works of the Company at Koppal, Karnataka.
2013
- Kirloskar Ferrous Industries Ltd has won 'Business Excellence Award' for the year ended 2013.
- Kirloskar Ferrous Industries Ltd has acquired 38,00,000 equity shares (2.77%) by Kirloskar Industries Limited.
2014
- Board has recommended a final dividend of Rs. 1.25 per equity share of Rs. 5 each, (i.e. 25 percent) for the year 2014.
- Kirloskar Ferrous Industries Ltd has installed New High Pressure Moulding Line at Koppal plant in Karnataka.
2016
- Kirloskar Ferrous to acquire pig iron plant of VSL Steels.
- KFIL has backed 'Best Supplier Award' - For Outstanding Contribution in Joint Product Development' for fastest development of new tractor project from TAFE.
2017
- Daimler India organized Supplier Meet in Leela Palace, Chennai, where KFIL was awarded with the 'Global Collaboration Award' which is the highest award category for Suppliers - 2017.
2018
- Minera Steel, Kirloskar bag one iron ore mine each in Karnataka e-auction.
- National Energy Conservation Awards: 'Energy Award' Mini Blast Sector.
2020
- Kirloskar Industries has completed the acquisition of movable and immovable assets relating to the pig iron plant of VSL Steel situated at Paramenahally Village, Hiriyur, Chitradurga.
2021
- Kirloskar group launches new brand logo, 'Limitless' business vision.
2023
- Manufacturing capacity of castings at company level has increased from 1,50,000 Metric Tonne per annum to 1,70,000 Metric Tonne per annum.
2024
- The Company informed the Scheme of Arrangement and Merger of ISMT Limited with the Company and their respective shareholders.
