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At meeting held on 15 May 2021The Board of Kirloskar Industries at its meeting held on 15 May 2021 has given its consent to invest in equity shares of Wellness Space Developers (WSDL), a wholly owned subsidiary of the Company upto Rs 15 crore by way of Rights lssue, subject to increase in the Authorised Share Capital of WSDL.
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by Aashish Chandorkar - May 1, 2021 03:36 AM
Laxmanrao Kirloskar
Snapshot
The legacy of the likes of Premchand Roychand, Laxmanrao Kirloskar and Walchand Hirachand and countless others has continued over the years in making Maharashtra an engineering and industry powerhouse.
Maharashtra is the foremost industrial state in the country and accounts every year for nearly 15 per cent of the Indiaâs gross domestic produce (GDP). While the state is now synonymous with several industries and is a top destination for Foreign Direct Investment (FDI) coming to India, Maharashtra has always had a rich legacy of industrialists operating in the state.
While several business families are well known today, a lot of older names have been either forgotten or their impact not fully understood. On Maharashtra Day, this article discusses three such names, all of whom were born in the nineteenth century.
Kirloskar Ferrous Industries, a listed material subsidiary of Kirloskar Industries has completed the acquisition of movable and immovable assets relating to the pig iron plant of VSL Steel situated at
Paramenahally Village, Hiriyur, Chitradurga District - 577598, Karnataka.
Kirloskar Ferrous Industries is in process to renovate those assets and to obtain necessary approvals / permissions / licenses from statutory / government authorities for commencement of operations.
Intimation will be given in due course upon commencement of operations of the pig iron at that plant.
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