On September 26, Kirloskar Pneumatic Company opened a new manufacturing facility in Nashik. At 2.45pm, the company's stock was trading at Rs 613.45, a 2.99 percent increase.

"This facility includes a 32 tonne forge hammer to make high speed gear blanks and a comprehensive fabrication facility to make base frames, pressure vessels and a range of heat exchangers" , the business stated in a press release.

The company also stated that the facility will reserve 25% of its capacity for external customers.

"In the first phase, the plant will be able to produce approximately 6000 tonnes of forged parts with sizes up to half a tonne per year." "The plant can also fabricate complex parts weighing up to 35 tonnes each," it said.

Kirloskar Pneumatic Company's investment in the new Nashik manufacturing facility aligns with the company's goal of becoming a comprehensive and dependable supplier of compression systems for air, refrigeration, and gas, according to the company.

Kirloskar Pneumatic is a core company of the Kirloskar group. The company offers services in a variety of industries, including oil and gas, steel, cement, food and beverages, railway, defence, and marine. Air compressors, air conditioning and refrigeration systems, process gas systems, vapour absorption systems and industrial gear boxes are among the products offered.