The company informed the exchanges that operations will be on the basis of permission received from the Government of Maharashtra-Department of Industries, Energy, and Labour.
A subsidiary of the company - La-Gajjar Machineries Private Limited, has started operations partially to meet few urgent export orders and also government-related shipments as per the approval received from the local authorities’ at Ahmedabad.
The company’s operations had been severely affected since March 23, 2020, due to Covid-19 outbreak.
Kirloskar Oil Engines Ltd is currently trading at Rs106.10, up by Rs2.45 or 2.36% from its previous closing of Rs103.65 on the BSE.
“The company and its subsidiaries have put in place requisite safety measures for the individuals working at the plants as per the guidelines issued by the said authorities to contain the spread of Covid-19,” a company release said.