Kirloskar Ferrous Industries jumped 3.19% to Rs 398.95 after company on Monday announced that the operations of second Coke Oven Plant has been commissioned on 6 February 2023.
The production of coke has commenced at the factory premises situated at Koppal, Karnataka state. The plant has production capacity of 2,00,000 Metric Tonnes per annum (mtpa).After commencement of operations of that plant, total production capacity of coke has increased to 4,00,000 mtpa. Coke will be used mainly for captive consumption, said the company.
Kirloskar Ferrous Industries is engaged in the business of manufacturing of iron castings. The company's net profit declined 31.6% to Rs 82 crore despite of 18.3% rise in net sales to Rs 1,133.47 crore in Q2 FY23 over Q2 FY22.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Great minds don’t just skim the surface, they uncover the full story.
You’ve hit your limit of {{free_limit}} free articles this month, subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Months/month
Smart Essential
₹2,700
1 Year
₹225/Months/month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Unlimited access to all articles
30+ premium stories daily, handpicked by our editor


Complimentary Access to The New York Times
News, Games, Cooking, Audio
Wirecutter & The Athletic
Complimentary Access to Our e-Paper
Digital replica of our daily newspaper
Read, save, share any article


Curated Newsletters on Diverse Topics
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Smart Investment Tips
In-depth stock analysis & insights
The Smart Investor for wealth growth tips


Access to Extensive Historical Archives
Repository of articles and publications dating back to 1997
Ad-free Reading Experience
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Repository of articles and publications dating back to 1997