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KFIL’s Manufacturing Capacity Of Castings Increases To 1,70,000 Metric Tonne Per Annum
The company said that the installation of second High Pressure Moulding Line (‘HPML’) [Phase 1] at Solapur Plant has been completed, which increase the company's manufacturing capabilities
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Kirloskar Ferrous Industries Limited (KFIL) on Tuesday said that the installation of second High Pressure Moulding Line (‘HPML’) [Phase 1] at Solapur Plant has been completed and the commercial production has commenced on 20 March 2023.
The company said that with this development manufacturing capacity of castings at KFIL level has increased from 1,50,000 Metric Tonne per annum to 1,70,000 Metric Tonne per annum.
The installation of second HPML [Phase 1] has involved the capital expenditure of around Rs 170 Crores (net of coverable taxes).
“This endeavour has been financed partly by availing the term loan from the bank and partly by internal accruals,” the company said in its regulatory filing.