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Kirloskar Oil Engines plans to invest Rs 100 crore: Report

22 Nov 2013 Evaluate

Kirloskar Oil Engines, a part of Kirloskar Group is reportedly planning to invest Rs 100 crore in technology and plant upgradation. The company already supplies engines for a host of agricultural equipment. Now, the company wants to become a complete solutions provider in the agriculture space.

Recently, the company has received a Rs 400 crore order from the Nuclear Power Corporation for the supply of large diesel generator sets. This contact is to be executed over the next 4 years.

Kirloskar Oil Engines manufactures the widest range of diesel engines in India. Its other product range includes irrigation pump sets, diesel generating sets and engine bearings.

Peers
Company Name CMP
Cummins India 4956.00
Kirloskar Oil Engine 2136.50
Greaves Cotton 234.75
Swaraj Engines 3542.80
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