Kiri Industries Limited has informed the Exchange regarding 'Investor presentation under Reg-30 of SEBI LODR Regulations, 2015'.
KIRIINDUS · price
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Kiri Industries has submitted its March 2026 investor presentation disclosing the successful resolution of its long-running DyStar legal dispute, with the company receiving approximately USD 689 million (~INR 5,854 crore) in proceeds. The company is now entering a new growth phase, diversifying from its core dyes and specialty chemicals business into copper smelting and fertilizer manufacturing through its wholly owned subsidiary, Indo Asia Copper Limited, at Jafrabad, Gujarat. The integrated project includes copper cathode (2,40,000 MTPA), copper wire rod (2,25,000 MTPA), copper tubes (35,000 MTPA), and a fertilizer complex producing phosphoric acid, DAP, and NPK. Total project cost is approximately INR 13,300 crore, with an expected IRR of ~25%, 36-month construction timeline from October 2025, and INR 1,036 crore equity already infused. Environmental clearance has been obtained, equipment orders placed, and long-term off-take commitments for copper concentrate (~1 Mn MTPA) secured.
The DyStar resolution has transformed the balance sheet with ~INR 5,854 crore in cash, enabling a major diversification push into copper and fertilizers. For shareholders, this represents a significant pivot from a struggling specialty chemicals business (negative EBITDA) into capital-intensive new verticals with strong long-term demand drivers from electrification and agriculture. Investors should watch execution risk on the INR 13,300 crore project and the timeline for revenue contribution.