# IndiaRF buys majority stake in Fine Edge Engineering 2026-08-07T09:56:39+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet India Resurgence Fund has acquired a majority stake in Fine Edge Engineering, which houses Ashok Iron Works Group’s iron casting and machining business. The companies did not disclose the transaction value, but a person with direct knowledge told Mint it was worth about Rs 2,000-2,200 crore. Based in Belagavi, Karnataka, the business operates four foundries with combined capacity of 1.44 lakh tonnes a year and seven machine shops producing up to 6 lakh parts annually. It makes engine blocks, engine heads and transmission housings for industrial engines, farm equipment and automotive applications. IndiaRF plans to invest in capacity expansion, research and development, new products and operational improvements, citing demand from large-engine applications and data centre construction. ## Coverage - livemint.com Tags: Ashok Iron Works, Fine Edge Engineering, IndiaRF, manufacturing, private equity Canonical: https://indianopinion.org/indiarf-buys-majority-stake-in-fine-edge-engineering/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/indiarf-buys-majority-stake-in-fine-edge-engineering/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.