Kirloskar Industries material subsidiary KFIL completes 35 MW solar plant expansion
Kirloskar Ferrous Industries Limited (KFIL), a material subsidiary of Kirloskar Industries, has completed the installation of an additional 35 MW DC Solar Plant at Jalna, Maharashtra, commencing operations on August 6, 2026. The total solar capacity in Jalna is now 105 MW DC. The project cost was ₹97 Crores, financed through debt and internal accruals. This expansion will be used for captive consumption, reducing power costs.
The expansion represents a significant capital expenditure and aims to reduce operational costs, which can positively impact the subsidiary's profitability and, by extension, Kirloskar Industries.
The expansion of solar power capacity for captive consumption is positive as it is expected to reduce operational costs.
Kirloskar Industries Limited announced an update regarding its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). KFIL has completed the installation of an additional 35 MW DC Solar Plant at Mantha, Helas, Jalna, Maharashtra. Operations for this new capacity commenced on August 6, 2026.
Following this expansion, the total capacity of the Solar Plants at Jalna has been increased to 105 MW DC. The project cost for this enhancement was approximately ₹97 Crores (net of recoverable taxes). The expansion was financed through a combination of borrowing and internal accruals.
Power generated from these solar plants will be utilized for captive consumption, which is expected to result in a reduction of power costs for the company. KFIL had previously communicated about this project in an earlier communication dated January 31, 2025.
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