Kirloskar Ferrous Resumes Solapur Line Operations After LPG Disruption; Shares Slip 3%
MT Newswires Live
Mar 23
Kirloskar Ferrous Industries (BOM:500245) said operations of one high pressure moulding line at its Solapur plant have resumed, effective March 21, according to a same-day filing on Indian bourses.
Shares of the company fell nearly 3% in Monday's trade.
Operations at the plant were earlier disrupted due to shortage of liquefied petroleum gas linked to the Middle East conflict, the company said. The line is now using alternate fuel, it added.
The temporary disruption did not have any material financial impact, the company said in the filing.
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