Update in respect of Oliver Engineering Private Limited
KIRLFER · price
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Kirloskar Ferrous Industries has informed that commercial production of castings has started at the plant of its subsidiary, Oliver Engineering Private Limited, located in Sandharsi, Rajpura, Patiala, Punjab. This follows successful validation trials conducted at the facility. The update is issued under SEBI Listing Regulations and is a continuation of an earlier communication dated 14 October 2024 about the subsidiary.
This is a positive operational milestone as the subsidiary moves from trials to commercial output, which could contribute to consolidated revenue and earnings going forward.