Investment5 Nov 2025, 04:20 pm
Kennametal India Ltd. Approves Capex of Rs 68 Crores for Green Field Project
AI Summary
Kennametal India Ltd. has announced the approval of capital expenditure of approximately Rs 68 crores for setting up a green field project in India for its MSG Business. The pre-project activities include various initial studies, land identification, and preparation of a detailed feasibility report. The Board of Directors approved this expenditure in a meeting held on November 5, 2025, based on the recommendation of the Audit Committee. The meeting commenced at 2:23 PM (IST) and concluded at 3:45 PM (IST). The company's un-audited financial results for the first quarter ended September 30, 2025, were also approved in the same meeting.
Key Highlights
- Approval of capital expenditure of approximately Rs 68 crores for a green field project in India
- The project is for the MSG Business of the company
- Pre-project activities include various initial studies, land identification, and preparation of a detailed feasibility report
- The decision was made based on the recommendation of the Audit Committee
- The Board of Directors approved the expenditure in a meeting held on November 5, 2025