SIF Saudi Arabia Company Limited (Wholly owned subsidiary) has entered into a land lease agreement on 19 August 2025 for 10years with Saudi Industrial Authority for setting up a foundry ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.3 pts less than Nifty Microcap 250 and 5.0 pts less than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Super Iron Foundry Ltd's 100% wholly owned subsidiary, SIF Saudi Arabia Company Limited, has signed a 10-year land lease with Saudi Industrial Authority (MODON) on 19 August 2025. The land is located in Dammam 3rd Industrial City (Plot No. 0300003013), covering approximately 9,141 square meters, with an annual rent of SAR 109,694.65 (excluding VAT). The subsidiary plans to set up a foundry and cast iron manufacturing facility, including steel, and must complete at least 50% of construction within 24 months. The company says this move diversifies its manufacturing base beyond India to manage tariff-related risks and serve global clients with better cost efficiency and supply chain reliability.
This is a strategic international expansion into Saudi Arabia that signals growth ambition and geographic diversification, though the actual capex impact on shareholders is not quantified yet. Near-term stock impact may be modest since it's an early-stage step (land lease only), with execution and commissioning to follow.