Kirloskar Ferrous Industries Limited has announced a temporary suspension of operations at its Jejuri plant in Maharashtra, effective December 26, 2025. The company informed the BSE about this operational decision under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Suspension Details

The temporary halt in operations is scheduled to last approximately fifteen days and is being implemented to facilitate upgrade activities at the facility. The company has characterized this as a planned suspension specifically aimed at enhancing the plant's capabilities.

Regulatory Compliance

The announcement was made through a formal communication to the BSE. Company Secretary Mayuresh Gharpure signed the disclosure document, ensuring compliance with listing obligations. The communication was digitally signed and timestamped on December 26, 2025, at 21:53:48 IST.

Company Background

Kirloskar Ferrous Industries Limited operates as part of the Kirloskar Group and maintains its registered office at 'One Avante', Level 5, Karve Road, Kothrud, Pune. The company operates in the steel sector and has been transparent in communicating this temporary operational adjustment to its stakeholders and the stock exchange.

Kirloskar Ferrous Industries Limited (KFIL), a leading player in the castings and pig iron manufacturing sector, has announced an ambitious ₹900 crore capital expenditure program aimed at expanding its production capacity across multiple segments. The expansion initiative is set to strengthen the company's position in the pig iron, ductile iron pipe, and alloy casting markets.

Expansion Strategy

The company's growth strategy focuses on capitalizing on the demand from the automotive and infrastructure sectors. KFIL anticipates this move may drive both volume growth and margin improvements across its product lines.

Key aspects of the expansion plan include:

1. Increased production capacity in pig iron, ductile iron pipe, and alloy casting segments
2. Focus on operational efficiency improvements
3. Implementation of green energy initiatives

These strategic initiatives are expected to potentially bolster the company's overall profitability and market position.

Financial Performance

KFIL has reported the following financial results:

• Standalone revenue reached ₹1,728.00 crore, marking a 4% year-on-year increase
• Net profit stood at ₹92.00 crore, up by 9% compared to the same period last year
• EBITDA margin improved to 12.4% from 11.7% in the previous comparable period

R.V. Gumaste, Managing Director of KFIL, commented on the results, stating, "Despite drop in realizations and commodity headwinds, we have maintained our strong performance on both topline and profitability."

Market Outlook

The company's expansion plans are aligned with the current market dynamics:

• Strong demand observed in the casting segment, particularly from the tractor and automotive industries
• Steady performance across all product lines
• Secured tube volumes for the upcoming period through an ONGC order

Conclusion

Kirloskar Ferrous Industries Limited's ₹900 crore expansion program demonstrates the company's commitment to growth and its confidence in the market's potential. By focusing on increasing production capacity, improving operational efficiency, and embracing green initiatives, KFIL aims to meet the growing demand in key sectors while potentially enhancing its profitability and market share in the coming years.