Kirloskar Ferrous Industries Limited has announced the resumption of operations at its Jejuri plant in Maharashtra, effective from January 13, 2026. The company made this disclosure through a regulatory filing to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Plant Operations Resume

The manufacturing operations at the Jejuri facility have officially restarted after a period of suspension. This announcement comes as a continuation of the company's earlier communication dated December 26, 2025, which had indicated the temporary halt in operations at the plant.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing BSE Limited about the operational resumption. Company Secretary Mayuresh Gharpure signed the regulatory filing, ensuring compliance with listing requirements and maintaining transparency with stakeholders.

Operational Significance

The restart of the Jejuri plant represents an important development for Kirloskar Ferrous Industries' manufacturing capabilities in Maharashtra. The facility's return to operational status indicates the company's commitment to maintaining its production infrastructure and meeting market demands.

The resumption of operations at this key manufacturing facility marks a positive development in the company's operational timeline, as it moves forward with its production activities at the Maharashtra location.

Kirloskar Industries Limited has informed stock exchanges about its material subsidiary Kirloskar Ferrous Industries Limited (KFIL) receiving rating reaffirmation from ICRA Limited dated December 30, 2025. The parent company filed the disclosure under Regulation 30 of SEBI Listing Regulations on December 31, 2025, with the credit rating agency maintaining a stable outlook for the integrated steel and casting manufacturer.

Regulatory Disclosure and Corporate Structure

Kirloskar Industries Limited, trading under BSE scrip code 500243 and NSE scrip code KIRLOSIND, submitted the mandatory disclosure regarding its listed material subsidiary's rating update. Company Secretary Ashwini Mali signed the communication to both BSE and NSE, ensuring compliance with listing obligations for material subsidiary updates.

Strong Market Position and Financial Performance

ICRA emphasized KFIL's established position as one of the leading manufacturers of foundry-grade pig iron and ferrous castings in the domestic market. According to company management, KFIL holds a healthy market share of 22-25% in the foundry-grade pig iron segment and 19-20% in the castings segment.

The company's financial metrics remain comfortable despite commodity headwinds:

Backward Integration and Manufacturing Infrastructure

The rating agency highlighted KFIL's competitive cost structure achieved through backward integration initiatives. The company operates a coke oven plant, captive power generation facilities, and a pulverized coal injection (PCI) plant, leading to substantial cost savings. The commencement of operations at the Bharath iron ore mine has partially reduced reliance on external iron ore purchases.

Expansion Plans and Investment Outlook

ICRA noted KFIL's substantial capital expenditure plans of ₹400-500 crores per annum over the next three years. These investments will focus on setting up an alloy steel plant, debottlenecking operations, and cost-saving projects, including increasing captive renewable energy capacities. The rating agency identified potential project execution risks and possible delays in capacity ramp-up if commissioning coincides with cyclical downturns.

Credit Assessment and Rating Outlook

The stable outlook reflects KFIL's established market position and efficient cost structure, expected to maintain comfortable credit metrics going forward. ICRA assessed the company's liquidity position as adequate, with unutilized fund-based limits of around ₹328 crores as of November 2025. Rating upgrades could occur if the consolidated total debt-to-operating profit ratio remains below 0.50 times on a sustained basis, while downgrades could result if this ratio exceeds 1.50 times consistently.