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Kirloskar Brothers to purchase land in Kolhapur for future expansion

25 Aug 2023 Evaluate

Kirloskar Brothers (KBL) has received an approval for the purchase of vacant and un-utilised land admeasuring 12.30 acres from the Kolhapur Steel, a subsidiary of KBL, situated at Village Shiroli, Dist. Kolhapur, for a total consideration of Rs 62.62 crore and for using the same for the future expansion plan of the Company. The Board of Directors of the company in its meeting held on August 25, 2023, has approved the same.

Kirloskar Brothers is a world-class pump manufacturing company with expertise in engineering and manufacture of systems for fluid management.


Peers
Company Name CMP
Kirloskar Brothers 1772.00
Elgi Equipments 602.95
Shakti Pumps (India) 466.85
KSB 817.95
Oswal Pumps 275.15
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