Kirloskar Oil Engines released its Q4 financial results, showing a 5.4% increase in revenue to ₹17.50 billion, but a 12.8% decrease in net profit to ₹1.30 billion. EBITDA rose to ₹3.13 billion, while EBITDA margin contracted to 17.86%. The company announced a dividend of ₹4.00 per equity share.
03Apr 25
Kirloskar Oil Engines Secures ₹270 Crore Order from Indian Navy for Marine Diesel Engine Development
Kirloskar Oil Engines Limited (KOEL) has won a ₹270 crore order from the Indian Navy to design and develop a 6MW Medium Speed Marine Diesel Engine. The project, under the Make-I scheme, aims to create a scalable engine platform from 3MW to 10MW for naval vessels. The contract spans 36 months with 70% government funding and requires over 50% indigenous content in the prototype. This order marks a significant step towards reducing India's dependence on imported marine engines and aligns with the country's self-reliance goals in defense manufacturing.
02Apr 25
Kirloskar Oil Engines Secures ₹270 Crore Order from Indian Navy for Marine Diesel Engine Development
Kirloskar Oil Engines Limited (KOEL) has received a ₹270 crore order from the Indian Navy to design and develop a 6MW Medium Speed Marine Diesel Engine, scalable from 3 MW to 10 MW. The project, under the Make-I scheme, aims to support India's defense indigenization efforts. KOEL will develop a prototype with over 50% indigenous content within 36 months. The government will fund 70% of the project cost, with KOEL investing the remaining 30%. This engine will serve for main propulsion and power generation on Indian Navy and Coast Guard ships, reducing dependence on imports.