Kirloskar Ferrous Industries achieves Green Steel Certification and Enhances Sustainability Metrics for FY 2026
Kirloskar Ferrous Industries Limited (KFIL) has demonstrated significant advancements in its commitment to environmental stewardship and corporate governance, achieving global recognition for sustainable manufacturing. The company’s operations are characterized by a diversified product portfolio, driven by integral commitments to ethical practices, resource efficiency, and employee well-being.The company reported a total turnover of INR 6,888.57 Crores in the financial year ending March 31, 2026. KFIL is involved in the manufacturing and supply of critical metal products, including seamless steel tubes, pig iron, and grey iron castings. These core activities account for significant portions of the entity's turnover:
| Business Activity | % of Turnover |
|---|---|
| Seamless Steel Tubes | 30.92% |
| Pig Iron | 28.13% |
| Grey Iron Castings | 27.24% |
| Steel | 8.78% |
KFIL operates nine plants and one office nationally, serving markets across 25 states domestically and in 16 international countries. The company maintains a structured approach to stakeholder management, covering investors, customers, employees, and local communities.
Leadership in Green Manufacturing
A central focus of KFIL's operations is the transition towards sustainable and low-carbon manufacturing processes. Through sustained investment in renewable energy and process efficiency, the company has actively worked to reduce its carbon footprint.Key environmental achievements include:
- Green Steel Certification: The Jejuri plant received DNV verification for the Product Carbon Footprint of billets and rolled bars under ISO 14067:2018 standards. KFIL products now qualify as 5-star rated green steel according to India’s Green Steel Taxonomy.
- Industry Recognition: KFIL was honored with the prestigious 'Best Net Zero Initiative of the Year 2026' award at the Net Zero Summit and Awards 2026.
The company is significantly advancing its renewable energy roadmap, currently operating solar capacity of 60 MW (AC) / 82 MW (DC) and a wind capacity of 2.5 MW (AC). This infrastructure supports efforts to meet internal electricity demands through captive power generation, including utilizing blast furnace gas and waste heat recovery systems.
Operational Efficiency and Resource Management
KFIL integrates responsible practices across its supply chain and manufacturing processes, viewing environmental and social integrity as core business elements.The company maintains a commitment to circular economy principles by optimizing material utilization and minimizing waste. For the financial year 2026, total waste generated amounted to 5,63,567 metric tonnes. Of this, 4,91,675 metric tonnes were recovered through recycling or re-use.
Key indicators for environmental performance include:
- GHG Emissions: Total Scope 1 and Scope 2 emissions stood at 1,75,478 metric tonnes of CO 2 equivalent in FY 2026 (compared to 1,78,725 in FY 2025). The emission intensity per rupee of turnover adjusted for Purchasing Power Parity (PPP) was 5,477 Metric tonnes of CO 2 equivalent/USD.
- Water Management: At the Hiriyur plant, total water consumption was recorded at 28,47,559 kilolitres in FY 2026. The company has implemented a mechanism for Zero Liquid Discharge (ZLD) by treating domestic sewage wastewater on-site and reusing it for gardening and toilet flushing.
Workforce Well-being and Social Impact
KFIL reports having a workforce comprising 2,508 permanent employees and 6,756 workers as of the financial year end. The company upholds robust standards regarding employee health, safety, and inclusion.Safety Management:
The company has implemented a comprehensive Occupational Health and Safety Management System (OHSMS) certified by ISO 45001:2018. Safety management is overseen by both Corporate and Apex Safety Committees, integrating tools such as Risk Assessment (RA), Job Safety Analysis (JSA), and Process Hazard Analysis (PHA).
| Metric | Employees (FY 2026) | Workers (FY 2026) |
|---|---|---|
| Lost Time Injury Frequency Rate (LTIFR) | 1.29 per one million-person hours worked | 1.67 per one million-person hours worked |
| Total recordable work related injuries | 6 | 17 |
Social Responsibility:
KFIL’s human rights policy is supported by a dedicated grievance redressal mechanism, involving forums like the Grievance Committee and Ethics Help Line. The company also promotes inclusive growth through its procurement practices, with inputs from Micro Small Enterprises (MSMEs) amounting to 19.11% in FY 2026.
| Parameter | FY 2026 | FY 2025 |
|---|---|---|
| Gross wages paid to females as % of total wages | 1.20% | 0.71% |
| Days of accounts payable (per procurement) | 105.40 | 94.27 |
The company has also established an ESG Committee responsible for guiding the implementation and oversight of sustainability-related initiatives across the organization, ensuring continuous improvement in governance and operational resilience.
KIRLFER Stock Price Movement
On Monday, shares of Kirloskar Ferrous Industries Limited edged higher to settle at ₹472.55 after gaining 0.89%. The stock traded within a daily range, finding support near ₹463.3 while testing resistance up to ₹478.4.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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