April 3, 2025
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Kirloskar Oil signs Rs. 270 crore deal with Indian Navy
(20 second reading) Kirloskar Oil Engines shares rose 4% in early trading on Thursday, hitting ₹765, after securing a Rs. 270 crore order from the Defence Ministry. The company will design and develop a 6MW Medium Speed Marine Diesel Engine under the Indian Navy’s Make-I category for indigenous engine development. The agreement, signed on April 2, 2025, in New Delhi, was attended by Defence Production Secretary Sanjeev Kumar and Vice Admiral Krishna Swaminathan.
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