Kirloskar Ferrous Industries, the pig iron and iron castings-based arm of the Kirloskar Group, is set to acquire a plant operated by Karnataka-based VSL Steels Ltd for INR 135 crore ($18.4 million). The takeover will increase Kirloskar’s pig iron capacity from 0.391 mn t to 0.541 mn t pa. The plant to be acquired has a blast furnace and slag granulation facility.
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