Kirloskar Ferrous Industries has been declared the ‘preferred bidder’ for the Jambunatha iron ore mine in Karnataka. The announcement came via a letter dated July 22, 2025, from the Department of Mines and Geology, Government of Karnataka.

The declaration follows an electronic auction conducted on 27 January, 2025, where Kirloskar Ferrous secured the top position based on the highest final price offer submitted. The grant of the mining lease remains subject to several conditions, including requisite payments, compliance with tender requirements, obtaining all necessary regulatory approvals, and execution of associated agreements.

Kirloskar Ferrous Industries, a part of the Kirloskar Group, is a leading manufacturer of pig iron, grey and SG iron castings, and seamless tubes. With facilities in Karnataka and Maharashtra, the company has strengthened its operations post its merger with ISMT.  The company’s vertically integrated model spans mining to finished tubular products. It employs advanced manufacturing techniques, including 3D printing for rapid prototyping and waste-heat recovery systems for captive power, showcasing a strong focus on innovation and sustainability.