Kirloskar Pneumatic opens new manufacturing facility, shares up 3%

The company’s stock was trading at Rs 615, up by 3.23 percent, at 1:45 pm.

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Kirloskar Pneumatic Company inaugurated a new manufacturing facility in Nashik on September 26. At 2.45pm, the company‘s stock was trading at Rs 613.45, reflecting an increase of 2.99 percent.

“This facility includes a 32 ton forge hammer to make high speed gear blanks and a comprehensive fabrication facility to make base frames, pressure vessels and a range of heat exchangers”, the company said in a press release.

The company also mentioned that the facility will set aside 25 percent of the plant’s capacity to external customers.

“In the first phase the plant can produce about 6000 tons of forged parts of sizes upto half a ton each year. The plant also can fabricate complex parts upto 35 tons each,” it said.

The investment made by Kirloskar Pneumatic Company in the new manufacturing facility in Nashik aligns with the company’s objective of becoming a comprehensive and dependable supplier of compression systems for for air, refrigeration and gas, the company mentioned.

Kirloskar Pneumatic company is one of the core companies of Kirloskar group. The company provides services in various sectors including oil, gas,steel, cement, food and beverages, railway, defence and marine. It provides products like air compressors, air conditioning and refrigeration systems, process gas systems, vapour absorption systems and Industrial gear boxes.

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