Kirloskar Oil Engines secures substantial order worth Rs 768 crore from NPCIL

During Thursday’s deals, the shares of Kirloskar Oil Engines Limited zoomed by 2.47%. Furthermore, the scrip witnessed a spurt in volume by more than 2.86 times. The company’s current market capitalisation is Rs 10,109.74 crore.

Recent development 

Kirloskar Oil has successfully secured a substantial order valued at Rs 768 crore from the Nuclear Power Corporation of India Limited (NPCIL). The contract entails the supply, erection, commissioning, and handover of 10 Emergency Diesel Gensets, each boasting a robust capacity of 6.3MWe.

The entire project is slated for completion over 68 months.

About the company 

KOEL, a leading entity within the Kirloskar group’s portfolio, specializes in the manufacturing and servicing of diesel engines and generator sets. Additionally, the company produces pump sets fueled by diesel, petrol, and kerosene. With manufacturing units strategically located in Pune, Kagal, and Nashik, KOEL serves diverse sectors, including agriculture, power generation, and industrial applications.

Product distribution 

In terms of product distribution, the company exhibits a diversified portfolio. A significant portion, approximately 74.99%, is allocated to engines, while electric products contribute 14.19%. The financial services segment holds a notable share at 6.78%, with the remaining 4.04% designated to other categories.

This breakdown underscores the company’s engagement in a range of products, balancing its focus across various offerings.

Geographical distribution 

Furthermore, when considering geographical distribution, the company maintains a dominant presence in its home country, India, accounting for 86% of its operations. The remaining 14% is attributed to the rest of the world, emphasizing a substantial but strategic global footprint.

This regional allocation showcases a concentrated commitment to the Indian market while also acknowledging the importance of international operations.

Furthermore, the stock has witnessed significant buying activity as it has given multibagger returns of more than 114% in the last 1 year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.