KIRLFER

March 21 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.BO:

• KIRLOSKAR FERROUS INDUSTRIES LTD - RESUMES OPERATIONS OF HIGH PRESSURE MOULDING LINE AT SOLAPUR PLANT FROM 21 MARCH 2026

• KIRLOSKAR FERROUS INDUSTRIES LTD - TEMPORARY STOPPAGE AT SOLAPUR PLANT HAD NO MATERIAL FINANCIAL IMPACT

Source text: ID:nBSE4NFDbL

Further company coverage: KRFI.BO

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By Aditi Shah

NEW DELHI, March 19 (Reuters) - India's automakers and parts suppliers are bracing for production slowdowns and assembly-line disruptions as the Iran conflict chokes gas availability, threatening growth in the world's third-largest car market.

Some parts suppliers to India's leading carmakers like Maruti Suzuki, Tata Motors and Mahindra are already reporting a shortage of gas to power operations, an early sign that supply chain issues are developing, according to two dozen executives at car companies, part makers and dealers.

The disruption comes at a time when India's car demand is soaring to record levels, with sales expected to cross 4.5 million units in the current fiscal year to March 31, leaving little excess inventory with manufacturers and dealers.

"At this point in time it is about survival. First and foremost we need to ensure production continues. The buffer stocks will not last long," said a senior executive with a leading carmaker.

INDIA MOST EXPOSED TO WEST ASIA CONFLICT

India relies heavily on the Middle East for energy supplies, importing 50% of its natural gas needs mostly from Qatar, which has been forced to shut its refinery after a wave of Iranian attacks.

Shipments of oil and gas through the Strait of Hormuz have also tanked after Iranian attacks on vessels.

While India is working to secure gas from the U.S., Norway and Russia, the government has prioritised supplies for homes over factories. In auto sector plants, the fuel is critical to high-heat processes like forging and casting, and in the paint shop.

Suppliers Reuters spoke to in India's western and northern car manufacturing belts said production will be managed until end-March. But the stress in the system is showing, with at least four executives saying Tata and Mahindra are operating some factories below capacity.

Mahindra said in a statement that the company has not lost any production this month versus its "plan to date", while a spokesperson for Tata Motors said operations at its plants are "near normal".

Tata said it is working with suppliers to ensure continuity and optimising production where required.

Small and medium manufacturing units, which form the car industry's backbone, are most vulnerable, as they rely more on gas and are unable to switch to other sources quickly.

Kirloskar Ferrous KRFI.BO, a supplier of iron castings, told an Indian stock exchange this week it has stopped some production at a factory in Western India "until further notice".

Metal producer Hindalco HALC.NS declared force majeure to some of its customers last week, warning them of potential disruptions amid gas shortages.

Both companies count Mahindra as a customer. Mahindra did not offer a direct comment about the two suppliers, but said its teams are working on the supply chain and taking action as needed.

CARMAKERS YET TO OFFICIALLY CUT PRODUCTION SCHEDULES

Automakers are operating in a state of high-alert diplomacy with their suppliers to keep assembly lines moving, and have not officially cut production schedules yet.

"We have received some information about challenges in energy supply for our in-house and our suppliers' production operations," said Rahul Bharti, senior executive officer for corporate affairs at Maruti MRTI.NS, India's biggest carmaker.

"As of now, our operations are running as per plan," he told Reuters.

S&P Global Mobility has already begun slashing its India outlook, now forecasting 6.3% growth in light vehicle production for 2026, down from 7.4% projected before the war.

"Depending on when the conflict ends, we may need to further revise the forecast," said S&P's Gaurav Vangaal.

(Reporting by Aditi Shah; Editing by Jan Harvey)

((aditi.shah@tr.com; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

March 17 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.BO:

• KIRLOSKAR FERROUS INDUSTRIES LTD - PARTIAL DISRUPTION OF OPERATIONS AT SOLAPUR PLANT EFFECTIVE 17 MARCH 2026

• KIRLOSKAR FERROUS INDUSTRIES LTD - MANAGEMENT EXPLORING ALTERNATE SUPPLY SOURCES TO MINIMIZE DISRUPTION IMPACT

Source text: ID:nBSE3yh27X

Further company coverage: KRFI.BO

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** Shares of Kirloskar Ferrous Industries KRFI.BO rise 1.47% to 472.35 rupees

** Castings and pig iron manufacturer resumes operations at Jejuri plant in western India's Maharashtra on Tuesday

** Co suspended activity temporarily from Dec. 26, 2025 for around fifteen days towards upgrade activities

** YTD, KRFI down 1.2% vs ~25% decline in 2025

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))

Jan 13 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.BO:

• RESUMPTION OF OPERATIONS AT JEJURI PLANT

Source text: ID:nBSE66NQZZ

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Aug 4 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.BO:

• JUNE-QUARTER CONSOL PROFIT 951.2 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 16.98 BILLION RUPEES

Source text: ID:nBSE9VvzxS

Further company coverage: KRFI.BO

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** Shares of Kirloskar Ferrous Industries Ltd KRFI.BO climb 3.5% to 598 rupees

** Castings and pig iron manufacturer says it has been declared the preferred bidder by Karnataka state for the Jambunatha iron ore mine

** KRFI rose as much as 6.3% earlier in the session

** Over 108,000 shares traded, 1.6x the 30-day average volume

** YTD losses narrow to 6.4%

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

May 9 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.BO:

• KIRLOSKAR FERROUS INDUSTRIES MARCH-QUARTER CONSOL NET PROFIT 923.3 MILLION RUPEES

• KIRLOSKAR FERROUS INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 17.37 BILLION RUPEES

Source text: ID:nBSE329dN4

Further company coverage: KRFI.BO

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Feb 4 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.BO:

• DEC-QUARTER PROFIT 612.5 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 16.09 BILLION RUPEES

Source text: ID:nBSEbtBQKz

Further company coverage: KRFI.BO

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Dec 17 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.BO:

• KIRLOSKAR FERROUS INDUSTRIES - GOT APPROVALS; DISPATCH OF IRON ORE FROM MINES COMMENCED

Source text: ID:nBSE1v3MPm

Further company coverage: KRFI.BO

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Nov 6 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.BO:

• SEPT-QUARTER CONSOL NET PROFIT 776.3 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 16.66 BILLION RUPEES

Source text: ID:nBSE88d6tM

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Oct 14 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.BO:

• KIRLOSKAR FERROUS INDUSTRIES - TRIAL PRODUCTION OF PLANT OF OLIVER ENGINEERING COMMENCED

Source text for Eikon: ID:nBSE9VpSh1

Further company coverage: KRFI.BO

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** Shares of Kirloskar Ferrous Industries KRFI.BO up ~1% to 685.25 rupees

** Monarch Network Capital hikes PT to 750 rupees from 710 rupees, upgrades to "accumulate" after roadshow and discussion with co

** Says start of oxygen plant and captive iron ore mine will improve co's margins from Q3 of FY25

** Expects co to offset commodity prices related headwinds on strong offtake and cost savings from FY25 H2

** Sees captive power offsetting challenges in tubes business caused by higher low-cost imports

** Two other brokerages rate stock "buy"; their median PT 747.50 rupees - LSEG

** Including session's gains, KRFI up ~24% YTD

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

April 16 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.BO:

• MINI BLAST FURNACE AT HIRIYUR PLANT, KARNATAKA HAVE RESUMED WITH EFFECT FROM 15 APRIL

Further company coverage: KRFI.BO

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March 29 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.BO:

• KIRLOSKAR FERROUS INDUSTRIES LTD - COMMENCEMENT OF OPERATIONS OF PULVERISED COAL INJECTION PLANT

Source text for Eikon: ID:nBSE5q1B36

Further company coverage: KRFI.BO

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Nov 3 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.NS:

• INDIA'S KIRLOSKAR FERROUS INDUSTRIES SEPT-QUARTER PROFIT 568.8 MILLION RUPEES VERSUS 820 MILLION RUPEES

• KIRLOSKAR FERROUS INDUSTRIES LTD SEPT-QUARTER REVENUE FROM OPERATIONS 8.80 BILLION RUPEES VERSUS 11.33 BILLION RUPEES

Source text for Eikon: ID:nBSE72hk4j

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Sept 29 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.NS:

• ACQUIRED 100 PERCENT OF SHARE CAPITAL, SOLE MANAGEMENT CONTROL OF OLIVER ENGINEERING

• 90 MILLION RUPEES PAID FOR ACQUISITION OF SHARES

Source text for Eikon: ID:nBSEb2NSQK

Further company coverage: KRFI.NS

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** Shares of Kirloskar Ferrous Industries KRFI.NS rise as much as 4.8% to 473.2 rupees, biggest pct gain since July 27

** Co says the National Company Law Tribunal approved a resolution plan for corporate debtor

** About 124,500 shares change hands by 11:15 a.m. IST vs 30-day avg of 137,407 shares

** Stock up nearly 32% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))

June 6 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.NS:

• OPERATIONS OF MINI BLAST FURNACE - I AT KOPPAL PLANT, KARNATAKA SUSPENDED TEMPORARILY EFFECTIVE 6 JUNE 2023

• SUSPENSION FOR AROUND 90 DAYS FOR PURPOSE OF REPLACEMENT OF TOP EQUIPMENT WITH BELL LESS TOP

Source text for Eikon: ID:nBSE8XlyzY

Further company coverage: KRFI.NS

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May 12 (Reuters) - Kirloskar Ferrous Industries Ltd KRFI.NS:

• COMMERCIAL OPERATIONS OF MINI BLAST FURNACE OF CO AT HIRIYUR, KARNATAKA HAVE BEEN RESUMED WEF 11 MAY 2023

Source text for Eikon: ID:nBSE1K4p2y

Further company coverage: KRFI.NS

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