Chandigarh, October 17, 2024: Kirloskar Ferrous Industries Limited (KFIL), a one of the leading castings and pig iron manufacturers and a leading player in steel and seamless tubes in India, operationalized the dormant Oliver Engineering Foundry in Punjab on 14th October 2024, marking a significant step toward expanding its presence in North India.
At the inauguration ceremony, the company’s chairmen, Mr. Rahul and Atul Kirloskar, shared their thoughts. The company’s MD, R. V. Gomaste, spoke about the company’s expansion. EVP Chandrashekhar discussed the company’s entire development. The vote of thanks was delivered by Ramesh. Akshay Sangwan, Director of Sonalika International Tractors, Hoshiarpur, and Vinay Luthra from the Ferrous Group were specially present.
KFIL, a part of the prestigious Kirloskar Limitless Group, has earned a solid reputation for successfully turning around liabilities to enviable assets. This latest move is no exception, underscoring KFIL’s continued commitment to driving innovation and growth in the sector.
The revival of the Oliver Engineering Foundry not only brings KFIL closer to its North Indian customer base but also highlights the company’s dedication to fostering long-term relationships within the region. As part of KFIL’s broader strategy, this development will serve as a bridge for enhanced customer service and faster response times, helping to solidify its market position in the region.
Additionally, the operationalization of the foundry opens up new avenues for employment in Punjab, further aligning with KFIL’s commitment to contributing to local economies. By generating jobs and spurring industrial activity, the foundry will play a pivotal role in the economic development of the region, providing a much-needed boost to the local workforce.
As KFIL continues on its ambitious growth trajectory, the company aims to become a $2 billion enterprise by 2030. The rejuvenation of the Oliver Engineering Foundry is a testament to KFIL’s strategic foresight and its focus on creating sustainable, long-lasting assets that benefit both the company and the communities it serves.
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