Kirloskar Oil Engines Ltd Share Price

Summary

Kirloskar Oil Engines Limited was incorporated on January 12, 2009 as a Public Limited Company as Kirloskar Engines India Limited. The Company changed its name from Kirloskar Engines India Limited to Kirloskar Oil Engines Limited with effect from June 2, 2010. The Company was incorporated with an object of taking over of the carrying on the business of manufacturing, trading and/ or dealing in engines, engine spares, pumps, generating sets and oils used therein, bimetal bearings, bushes and bimetal strips. As per the Scheme of Arrangement between the Company and the erstwhile Kirloskar Oil Engines Limited, the demerged undertaking of the erstwhile Kirloskar Oil Engines Ltd (now known as Kirloskar Industries Ltd) was vested with the Company retrospectively with effect from April 1, 2009 and the said Scheme became effective from March 31, 2010.During the year 2010-11, the company launched K-1080 engine covering 140 to 160 kVA. The company was selected jointly by Maratha Chamber of Commerce, Industries and Agriculture (MCCIA) and Rotary Club of Poona West, for their newly introduced Best Employees Response Award in large industry category, Pune.In March 2011, the company entered into a license agreement with Daihatsu Diesel Manufacturing Company Ltd, Japan, for manufacture of diesel engines in range of 610 KW to 2560 KW, to cater to the Commercial Marine Market segment.In May 2011, Kirloskar Brothers Investments Ltd (KBIL) acquired shares of the company from the promoters throug
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