Mumbai, Dec. 31 -- The agency has also affirmed the company's short-term rating at '[ICRA] A1+'.

ICRA stated that the ratings favourably factor in the established position of Kirloskar Ferrous Industries (KFIL) in the foundry-grade pig iron and ferrous castings businesses.

Despite commodity headwinds, the company's financial performance continues to remain comfortable as reflected in the healthy operating profits reported in FY2025 and H1 of FY2026.

The company is a part of the reputed Pune-based Kirloskar Group, which has a proven management track record.

The ratings derive comfort from the backward integration achieved at KFIL's manufacturing plant through coke oven plant, captive power generation, pulverized coal injection (PCI) pl...