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Kilburn Engineering inks pact to sell 40% stake in Kilburn East End

15 Apr 2026 Evaluate

Kilburn Engineering has entered into a Joint Venture Agreement with Kilburn East End (KEEPL), East End Technologies (EETPL) and Sandip Patnaik, whereby the company has agreed to sell 40% of the equity share capital of KEEPL to EETPL. Consequently, the KEEPL ceases to be a wholly owned subsidiary of company but continues to be a subsidiary of company. EETPL is a joint venture partner of the company.

Earlier, on December 22, 2025, the company had secured its Board’s nod to execute binding term sheet with EETPL to incorporate a joint venture (JV) company. Further, the company incorporated ‘KEEPL’ as a wholly owned subsidiary on January 28, 2026. KEEPL will carry on the business of piping fabrication & erection, structural fabrication & erection, pre-commissioning support for mechanical works, etc. for sectors related to oil/ gas, fertilizers, petrochemicals, steel, etc., in India.

Kilburn Engineering is an India-based company. The company is engaged in process design, engineering, manufacturing, project management and installation of equipment and systems for various process plants.

Peers
Company Name CMP
Bharat Heavy Elect. 430.60
Thermax 3680.25
Kirloskar Industries 3830.40
Skipper 551.65
INDO-MIM 1018.90
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