Kirloskar Industries

Kirloskar Ferrous Industries Ltd., a material subsidiary of Kirloskar Industries Ltd., has won a contract to supply 30,000 metric tonnes of basic grade pig iron to a buyer based in London, UK. The order, valued at approximately USD 13.51 million, is to be shipped on an FOB basis against a sight letter of credit. The contract requires delivery by August 15, 2026. The buyer is an international entity with no promoter or related-party interest in Kirloskar Ferrous. The order adds to the company's export order book and underscores demand for its pig iron in global markets.

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** Shares of Kirloskar Ferrous Industries KRFI.NS rise 12.3% to 499 rupees

** Stock rises as the pig iron maker receives a contract worth $13.5 million to supply around 30,000 MT of basic grade pig iron

** The contract is from a London-based entity, Kirloskar Ferrous said, without providing further details

** Stock set to rise for a fifth consecutive session, if gains hold

** YTD, Kirloskar stock up ~10%

(Reporting by Vijay Malkar)

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May 19 (Reuters) - Kirloskar Industries Ltd KIRL.NS:

• KIRLOSKAR INDUSTRIES LTD DECLARES DIVIDEND OF 13 RUPEESPER SHARE

• KIRLOSKAR INDUSTRIES LTD MARCH-QUARTER CONSOL NET PROFIT 431 MILLION RUPEES

• KIRLOSKAR INDUSTRIES MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 18.27 BILLION RUPEES

Source text: ID:nnAZN4SX4VB

Further company coverage: KIRL.NS

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May 11 (Reuters) - Toyota Motor Corp 7203.T:

• TOYOTA - TOYOTA TO BUILD A NEW VEHICLE MANUFACTURING PLANT IN INDIA

• TOYOTA - TO BUILD A NEW TOYOTA KIRLOSKAR MOTOR PLANT IN BIDKIN INDUSTRIAL AREA, MAHARASHTRA, INDIA

• TOYOTA - NEW PLANT IS PLANNED TO START PRODUCTION IN FIRST HALF OF 2029 AND IS AIMED TO STRENGTHEN TOYOTA'S BUSINESS FOUNDATION IN INDIAN MARKET

Source text: https://global.toyota/en/newsroom/corporate/44318893.html

Further company coverage: 7203.T

March 26 (Reuters) - Kirloskar Industries Ltd KIRL.NS:

• INCOME TAX DEPARTMENT IMPOSES PENALTY OF 17.5 MILLION RUPEES

Source text: ID:nBSEVdHl1

Further company coverage: KIRL.NS

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Jan 14 (Reuters) - Kirloskar Industries Ltd KIRL.NS:

• KIRLOSKAR INDUSTRIES LTD - OPERATIONS RESUMED AT JEJURI PLANT FROM 13 JANUARY 2026

Source text: ID:nBSE26fHk4

Further company coverage: KIRL.NS

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Aug 12 (Reuters) - Kirloskar Industries Ltd KIRL.NS:

• KIRLOSKAR INDUSTRIES JUNE-QUARTER CONSOL NET PROFIT 438.5 MILLION RUPEES

• KIRLOSKAR INDUSTRIES JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 17.05 BILLION RUPEES

Source text: ID:nBSE3NtCMr

Further company coverage: KIRL.NS

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May 20 (Reuters) - Kirloskar Industries Ltd KIRL.NS:

• KIRLOSKAR INDUSTRIES LTD - APPOINTS GEORGE VERGHESE AS MANAGING DIRECTOR FOR FIVE YEARS

Source text: ID:nBSE6rCbqR

Further company coverage: KIRL.NS

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** Shares of Kirloskar Ferrous Industries KRFI.BO rise 3% to 490 rupees

** Iron casting maker posts five-fold rise in Q4 net profit and plans to raise up to 10 bln rupees ($117.2 mln)

** More than 324,000 shares traded, 5x their 30-day avg

** Stock down 25% so far in 2025

($1 = 85.3280 Indian rupees)

(Reporitng by Nishit Navin)

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March 5 (Reuters) - Kirloskar Industries Ltd KIRL.NS:

• KIRLOSKAR INDUSTRIES LTD - MAHESH CHHABRIA RESIGNS FROM BOARD EFFECTIVE MARCH 31, 2025

Source text: ID:nNSE5rFZdf

Further company coverage: KIRL.NS

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Feb 10 (Reuters) - Kirloskar Industries Ltd KIRL.NS:

• KIRLOSKAR INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 240.4 MILLION RUPEES

• KIRLOSKAR INDUSTRIES DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 16.14 BILLION RUPEES

Source text: ID:nBSEbjJTBm

Further company coverage: KIRL.NS

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Adds detail, background

By Tanvi Mehta

NEW DELHI, Sept 6 (Reuters) - Israel's Tower Semiconductor TSEM.TA and Adani Group will invest 839.47 billion rupees ($10 billion) for a semiconductor project in India's western state of Maharashtra, its chief minister said in a post on X on Thursday.

India has taken steps to encourage global companies to set up their manufacturing units in the country, with Prime Minister Narendra Modi aiming to make the country a chipmaker for the world despite initial setbacks.

Foxconn withdrew in July last year from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta, and plans by ISMC, a venture between Abu Dhabi-based Next Orbit Ventures and Tower Semiconductor, to invest $3 billion in India, have been stalled.

Still, India expects its semiconductor market to be worth $63 billion by 2026.

Semiconductor manufacturing marks the latest foray for billionaire Gautam Adani, whose conglomerate has businesses across ports, power utilities, transmission and coal trading.

The $10 billion semiconductor plant in Maharashtra will initially have a capacity of 40,000 wafers, the state's deputy chief minister Devendra Fadnavis said in a post on X.

Chief Minister Ehnath Shinde said in a social media post that projects worth 1.17 trillion rupees were approved on Thursday, which will create 29,000 jobs in the state.

Two new electric vehicle manufacturing units will also be set up in the state, with Skoda-Volkswagen investing 150 billion rupees for its plant to produce electric vehicles and hybrids.

Toyota-Kirloskar will dole out 212.73 billion-rupees to manufacture hybrid and electric vehicles at its plant in the state.

Adani group, Tower Semiconductor, Skoda-Volkswagen VOWG_p.DE and Toyota-Kirloskar 7203.T did not immediately respond to a request for comment from Reuters.

($1=83.9020 Indian rupees)

(Reporting by Sakshi Dayal and Tanvi Mehta; Editing by Clarence Fernandez and David Evans)

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Aug 14 (Reuters) - Kirloskar Industries Ltd KIRL.NS:

• KIRLOSKAR INDUSTRIES QTRLY CONSOL NET PROFIT 285.4 MILLION RUPEES

• KIRLOSKAR INDUSTRIES QTRLY CONSOL TOTAL REVENUE FROM OPERATIONS 15.59 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: KIRL.NS

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** Shares of ISMT ISMT.NS jumped nearly 12% to a record high of 147 rupees on above average volumes

** Stock last up 6%, set for best one-day gain in a month

** Engineering steel products maker completes solar plant in Maharashtra, which will help it reduce power costs

** Over 4.5 mln shares traded in stock's busiest day in over a month

** Stock up 52% YTD, continuing a 70% climb from 2023

(Reporting by Aleef Jahan in Bengaluru)

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April 17 (Reuters) - Kirloskar Industries Ltd KIRL.NS:

• RESUMPTION OF OPERATIONS OF MINI BLAST FURNACE AT HIRIYUR PLANT

Source text for Eikon: ID:nBSEbSV8BP

Further company coverage: KIRL.NS

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** Shares of ISMT ISMT.NS rise 3% to 99.2 rupees

** Engineering steel products maker said on Friday it received order worth 3.44 bln rupees ($41.2 mln) from ONGC ONGC.NS for supply of regular casing pipes

** Shares of state-run ONGC up 1.8%

** ISMT trading above its 200-day simple moving avg since March 28

** Stock up ~16% so far in March

($1 = 83.4260 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of ISMT ISMT.NS up 2.5% at 93.80 rupees

** Seamless tubes and engineering steel products maker says it will consider declaration of dividend for financial year 2023-24 when the board meets on March 7

** More than 967,000 shares change hands, in-line with 30-day moving average

** Stock up 2.3% YTD after gaining 70.5% in 2023

(Reporting by Kashish Tandon in Bengaluru)

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Feb 9 (Reuters) - Kirloskar Industries Ltd KIRL.NS:

• KIRLOSKAR INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 429.5 MILLION RUPEES VERSUS PROFIT 629.6 MILLION RUPEES

• KIRLOSKAR INDUSTRIES DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 15.54 BILLION RUPEES VERSUS 16.06 BILLION RUPEES

Source text for Eikon: ID:nBSE35T2Y3

Further company coverage: KIRL.NS

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** Shares of ISMT ISMT.NS up as much as 10.5% to 82.70 rupees, their biggest intra day pct gain since July 27

** Seamless tubes and engineering steel products maker reported a ~70% YoY rise in its Sept-qtr consol net profit; rev from ops up 5.6% YoY

** Profit helped by higher sales and lower costs; total expenses down 3% YoY

** Separately, ISMT also approved to set up solar plant with a capacity of 100 MW; total invest up to 3.33 bln rupees ($40 mln)

** ~2.2 mln shares change hands as of 12:02 p.m. IST, 6.4x the 30-day moving avg

** Stock last up 7%, extending YTD gains to ~49%

($1 = 83.2440 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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Sept 14 (Reuters) - Kirloskar Industries Ltd KIRL.NS:

• NCLT APPROVED RESOLUTION PLAN OF OLIVER ENGINEERING SUBMITTED BY UNIT

Source text for Eikon: ID:nBSE5RZXNQ

Further company coverage: KIRL.NS

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** Shares of Kirloskar Industries Ltd KIRL.NS rise as much as 15.87% - biggest intraday pct gain since June 2022 - to 2,920 rupees

** Uptick after the company, engaged in wind power generation, reports a sharp surge in consolidated net profit in March quarter nFWN37J225

** Net profit rises to 438.7 mln rupees in fourth quarter from 1.2 mln rupees a year earlier

** Consolidated revenue up 52% Y/Y at 15.75 bln rupees

** Co also declares a dividend of 11 rupees per share and approves sale of windmills business in Maharashtra to ISMT Ltd ISMT.NS for 54 mln rupees

** Stock is most active in nearly two weeks, with a trading volume of 48,910 as of 2:13 p.m. IST, 6.6 times the 30-day avg - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of ISMT Ltd ISMT.NS rise as much as 5.79% to 75.85 rupees, a two-week high

** The seamless tubes and engineering steel products' maker reports core profit at 634 mln rupees compared to an operating loss of 64.9 mln rupees in Q4FY2022

** Revenue up 12% at 6.50 bln rupees in March quarter nFWN3700VG

** Co reports a slide in consolidated net profit in Q4 of 83.8 mln rupees from 25.46 bln rupees, a year ago

** Co reported an exceptional item of 25.11 bln rupees in Q4FY2022 boosting its profit

** Trading volume is 1.22 mln shares as of 3:09 p.m. IST, 1.5x the 30-day avg - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))