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Business Standard
2 hours ago
- Business
- Business Standard
This Kirloskar group stock jumps 6% on winning Jambunatha Iron Ore Mine bid
Kirloskar Ferrous Industries shares jumped 6.2 per cent, logging an intraday high at ₹614 per share on the BSE. At 9:50 AM, Kirloskar Ferrous Industries' share price was trading 2.75 per cent higher at ₹593.65 per share on BSE. In comparison, the BSE Sensex rose 0.2 per cent to 82,353.08. The market capitalisation of the company stood at ₹9,774.53 crore. The 52-week high of the company stood at ₹830 per share, and the 52-week low was at ₹423. Why were Kirloskar Ferrous Industries shares buzzing in trade? The buying interest on the counter came after the company was declared as the preferred bidder in the electronic auction of an iron ore mine by the Department of Mines and Geology, Government of Karnataka. The bidding was for Jambunatha Iron Ore Mine. "As per the letter dated July 22, 2025, issued by the Office of the Director, Department of Mines and Geology, Government of Karnataka, the Company has been declared as 'Preferred Bidder' in respect of the electronic auction conducted on January 27, 2025, for 'Jambunatha Iron Ore Mine' based on the highest final price offer submitted by the company," the filing read. The grant of the mining lease is subject to required payments, fulfillment of tender conditions, obtaining necessary approvals and clearances from relevant authorities, and execution of related agreements. About Kirloskar Ferrous Industries Kirloskar Ferrous Industries), a part of Kirloskar Group, manufactures pig iron, castings, and seamless tubes. The company has built a strong presence with manufacturing facilities in Karnataka and Maharashtra, and has expanded further following its merger with ISMT. The company's product portfolio spans pig iron (used across foundry and steel industries), grey and S.G. iron castings (such as cylinder blocks and heads), as well as alloy steel and seamless tubes that cater to a wide range of industries including automotive, agriculture, construction, and engineering. Known for its integrated operations—from mining to finished tubular components—the company combines scale with precision and innovation. It has also adopted advanced manufacturing technologies, including 3D printing for rapid prototyping and captive power generation through waste-heat recovery.
Business Upturn
4 hours ago
- Business
- Business Upturn
Kirloskar Ferrous shares jump 3% after winning Iron Ore Mine bid in Karnataka
By Aman Shukla Published on July 23, 2025, 09:19 IST Kirloskar Ferrous Industries Ltd saw its stock rise over 3% in early trade on Wednesday after the company announced a key development in its raw material strategy. As of 9:18 AM, the shares were trading 2.81% higher at Rs 594.00. The Government of Karnataka has declared Kirloskar Ferrous as the 'Preferred Bidder' for the Jambunatha Iron Ore Mine, following a competitive electronic auction process. The bidding was part of the Karnataka government's tender issued on October 3, 2024, inviting applications for mining leases across the state. Kirloskar Ferrous participated in the e-auction conducted on January 27, 2025, and submitted the highest final price offer for the Jambunatha mine, which secured them the preferred bidder status. The official confirmation came via a letter from the Department of Mines and Geology dated July 22, 2025. The mining lease will be formally granted once the company fulfills all the required formalities — including payments, approvals, and execution of agreements with government agencies. This includes obtaining regulatory clearances and completing conditions set out in the tender documents. The development is being seen as a strategic win for Kirloskar Ferrous, which has been looking to secure backward integration of raw material supply. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Hans India
a day ago
- Business
- Hans India
Global collaboration meet to drive global tech partnerships
Bengaluru: The Department of E, IT, BT, Government of Karnataka, under its Global Innovation Alliance (GIA) initiative, hosted the Global Collaboration Meet on Monday to promote the Bengaluru Tech Summit 2025 (BTS 2025) to its partner countries & international trade mission representatives. The meet held in Bengaluru, was graced by Dr. Ekroop Caur, IAS, Secretary to Government, Department of Electronics, Information Technology, Biotechnology and Science & Technology, Govt. of Karnataka, Rahul Sharanappa Sankanur, IAS, Managing Director, KITS, Govt. of Karnataka and Daljeet Kumar, IAS, Deputy Secretary, Department of Electronics, IT, BT and S&T, Government of Karnataka. Global Collaboration partners from United Kingdom, Australia, Germany, Japan, Switzerland, USA, France, Netherlands, Singapore, Israel, Poland, Belgium, Denmark, Italy, South Korea, Morocco, Vietnam, Czech Republic and other International Agencies were also present on this occasion. The Global Innovation Alliance (GIA), an initiative of the Department of Electronics, IT, and Biotechnology, Government of Karnataka, fosters partnerships with leading tech and innovation nations. Launched in 2017 under the Karnataka Unit for International Co-operation (KUIC), the GIA network has expanded from 10 countries in 2018 to over 35 nations by 2025. The Global Collaboration Meet was convened to further strengthen cross-border collaboration in the lead-up to the Bengaluru Tech Summit 2025, scheduled to take place from 18–20 November at BIEC, Bengaluru. Dr Ekroop Caur shared an insightful overview of the Summit, highlighting the unique opportunities it offers for partner countries to showcase their cutting-edge technologies, government initiatives, leading industry players and academic excellence on a global stage through participation in the international exhibition, conference and country Caur also presented the various outreach activities under the GIA Initiative.
The Hindu
2 days ago
- Business
- The Hindu
IT-BT dept hosts Global Collaboration Meet ahead of BTS 2025
The Department of Electronics, Information Technology, Biotechnology and Science & Technology, Government of Karnataka, under its Global Innovation Alliance (GIA) initiative, hosted the Global Collaboration Meet in Bengaluru on Monday to promote the Bengaluru Tech Summit 2025 (BTS 2025) to its partner countries and international trade mission representatives. The meet was convened to further strengthen cross-border collaboration in the lead-up to BTS 2025, scheduled to take place from 18–20 November at BIEC, Bengaluru. Global collaborations 'This year we host the 28th edition of BTS, for the first time at the world-class Bangalore International Exhibition Centre. I warmly encourage all our GIA partner countries to make the most of this opportunity by bringing strong participation of country delegations, hosting national pavilions in the exhibition and curating country-focused sessions in the Global Convergence conference track,' said Ekroop Caur, Secretary to Government, Department of Electronics, IT & BT, and S&T. Beyond Bengaluru According to Ms. Caur, clusters outside Bengaluru including Mysuru, Dharwad, Belagavi, Hubballi and Mangaluru also have been receiving significant traction from foreign countries. Talking about the visit of a delegation from New Jersey to Mysuru, she said, 'We have done a Letter of Intent last year with them and we will be in due course doing an MOU. They are very keen on looking at Mysuru as one of the potential destinations. Similarly, there have been other engagements. We also do three events in each of the clusters as a run-up to BTS. All the three events do see a significant number of countries participating.' She also revealed that Innoverse, a deep tech incubator announced by the government at BTS 2024, will soon start physically incubating startups at the facility, which is in works at NGEF Layout, Indira Nagar. Growing in size The tech summit this year is expected to see more than 1,00,000 attendees, including startup founders, investors, delegates, speakers, and exhibitors. It will feature 10 tracks including IT & DeepTech, Electro-Semicon, Digital Health & Biotech, the Startup Ecosystem, Global Collaboration and India- USA Tech Conclave, AI Universe, Finverse, Defence & Spacetech and My Planet My Future, which focuses on sustainability and climate tech. A major highlight will be the 'Future Makers Conclave', an immersive programme to be attended by more than 2000 startup founders. Special programmes like the Rural IT Quiz, Bio Quiz, Bio Posters, IT, Bio and Exhibitor awards, and Global Leaders Reception will also be part of the summit.
News18
2 days ago
- Business
- News18
Bengaluru Tech Summit 2025 to be held from Nov 18-20
Agency: Bengaluru, Jul 21 (PTI) Bengaluru Tech Summit 2025 is scheduled to take place from November 18 to 20, an official said on Monday. It is an initiative of the Department of Electronics, IT and Biotechnology, Government of Karnataka, in partnership with industry stakeholders, and brings together the worlds of technology and business, according to its website. 'This year, we will host the 28th edition of BTS. It is a powerful platform to showcase your country's innovation ecosystem, connect with Indian industry leaders and startups, and explore collaboration across research, technology, and policy," Ekroop Caur, Secretary to the Government of Karnataka, Department of Electronics, IT & BT, said. The summit is expected to bring together over one lakh attendees, including more than 20,000 startup founders, 1,000 investors, 15,000 delegates, nearly 600 speakers, and 1,200 exhibitors. She announced the dates during the Global Collaboration Meet held in Bengaluru. The Global Collaboration Meet, organised by the Department of Electronics, IT & BT under the Global Innovation Alliance (GIA) initiative, saw participation from partner countries including the United Kingdom, Australia, Germany, Japan, Switzerland, the USA, among others. According to a press note, GIA was launched in 2017 to foster partnerships with leading nations in technology and innovation. From an initial 10 countries in 2018, the GIA network has grown to include 35 countries in 2025, it added. PTI JR SSK view comments First Published: July 21, 2025, 16:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
