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Kirloskar Oil Engines (KOEL) has executed a definitive agreement, on June 21, 2017, to acquire 76% stake in La-Gajjar Machineries (LGM) at a valuation of 7.89 times EBITDA for the year ending March 2018. The balance holding will be acquired by KOEL over a 5 year period. The current shareholders and the management team of LGM would continue to be actively involved in the business.

LGM provides KOEL a strong and established footprint into the electric pump market through its ‘Varuna’ and ‘Raindrop’ brand of submersible and mono-block pumps and further consolidates on KOEL’s strong position in the diesel and electric pump segment.

Kirloskar Oil Engines manufactures diesel engines in the range of 2 Kva to 6 MW. The engines are preferred by various services sectors like banks, telecommunication establishments, commercial use buildings, hotels and restaurants.


Kirloskar Oil Eng Share Price

1616.95 2.05 (0.13%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 316.70
Thermax 4141.20
Kirloskar Oil Eng 1616.95
Skipper 433.50
GMM Pfaudler 931.05
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