Introduction:
Leading auto and industrial engine manufacturer has secured a significant order from the Indian Navy to design and develop a 6MW Medium Speed Marine Diesel Engine, marking a crucial step towards self-reliance in defence manufacturing under the Make-I initiative.
Share price movement of Kirloskar Oil Engines:
On April 3, 2025, Kirloskar Oil Engines Ltd opened at ₹734.50, up 0.72% from its previous close of ₹729.20. The stock reached a high of ₹765.50 (4.98%) and a low of ₹732.00. By 11:42 AM, it traded at ₹753.40, a 3.32% increase, with a market cap of ₹10,937.80 crore.
Kirloskar Oil Engines Secures Navy Order:
Kirloskar Oil Engines Limited (KOEL) has signed a project sanction order with the Indian Navy to design and develop a 6MW Medium Speed Marine Diesel Engine. The agreement, under Make-I, aims at reducing import dependence.
The ₹270 crore project will have over 50% indigenous content, with 70% funding from the Government of India. KOEL will develop scalable engines ranging from 3MW to 10MW for propulsion and power generation on naval and coast guard ships.
This initiative aligns with India’s vision of self-reliance in defence manufacturing. KOEL’s R&D teams will handle the project’s design and development. The agreement underscores KOEL’s commitment to ‘Make in India’ and strengthening domestic defence capabilities.
Stock performance of Kirloskar Oil Engines for Period of 1 week, 6 months, and 1 year:
Kirloskar Oil Engines Ltd delivered -0.95% return over the past week, and it declined by 36.8% in the past six months. The stock dropped 17.9% over the past year.
Also Read: Renewable energy stock jumps 5% after securing ₹2,491 Cr long-term refinancing facility
Shareholding pattern of Kirloskar Oil Engines:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 41% | 41.20% | 41.20% |
| FII | 11.00% | 10.80% | 10.00% |
| DII | 25.00% | 24.90% | 25.40% |
| Public | 22.80% | 23.10% | 23.40% |
About Kirloskar Oil Engines:
Kirloskar Oil Engines Ltd (NSE: KIRLOSENG) is a leading manufacturer of internal combustion engines, generator sets, and farm equipment. With a global presence in over 60 countries, it specializes in alternative fuel solutions and industrial applications.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
