Kirloskar Ferrous Restarts Operations at Mini Blast Furnace in Hiriyur amidst Market Upturn

#KirloskarFerrous #MarketRecovery #BlastFurnace

Source:Kirloskar Ferrous

“This decision reflects our strategic vision to swiftly adapt to evolving market dynamics, ensuring sustained value delivery to our stakeholders while upholding the highest standards of operational excellence.”- R. V. Gumaste, MD, Kirloskar Ferrous Industries Limited

April 2024 : R. V. Gumaste, MD, Kirloskar Ferrous Industries Limited (KFIL), one of the leading castings and pig iron manufacturers in India, announced yesterday restarting of its mini blast furnace at Hiriyur.

In response to challenging market conditions characterized by weakened demand and declining pig iron prices, KFIL had temporarily halted operations of the blast furnace at Hiriyur on 22 February 2024. This strategic decision reflected KFIL's commitment to prudent operational management amidst fluctuating market dynamics, ensuring sustainability and efficiency in its production processes.

With the recent upturn in market sentiment and improvement in pig iron prices, KFIL is pleased to announce the restart of operations of the Hiriyur mini blast furnace effective 15 April 2024. This strategic move underscores KFIL's proactive stance in capitalizing on market opportunities while maintaining its reputation for reliability and resilience in the face of industry challenges.

"We are pleased to announce the recommencement of operations at our Hiriyur blast furnace facility," stated R. V. Gumaste, MD, KFIL. "This decision reflects our strategic vision to swiftly adapt to evolving market dynamics, ensuring sustained value delivery to our stakeholders while upholding the highest standards of operational excellence.”