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Kirloskar Electric Company enters into agreement to sell non-core asset

21 Jan 2022 Evaluate

Kirloskar Electric Company has entered into an agreement to sale of Company’s non-core asset situated at Punjgutta, Hyderabad. The expected date of completion of sale is on or before March 20, 2022. The total consideration for the proposed sale would be Rs 3 crore.

Kirloskar Electric Company is one of the India’s leading manufacturers of electrical and power equipment. The company was established in 1946 by Ravi L Kirloskar.

Peers
Company Name CMP
Waaree Energies 2510.00
Apar Industries 17872.70
Havells India 1096.50
Suzlon Energy 42.35
Siemens 3880.15
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