Kirloskar Ferrous acquires castings division of Kirloskar Oil
Kirloskar Ferrous Industries Ltd has informed the BSE that the company has executed an agreement with Kirloskar Oil Engines Ltd (KOEL) for acquisition of its castings division at Shivashahi, Solapur as a going concern basis w.e.f. January 01, 200 7 for a total consideration of Rs 21 crores. KOEL’s castings division at Shivashahi, Solapur will become a ‘Solapur plant’ of the company.
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