Kirloskar Oil Engines to sell its power generation sets in the US, Indonesia

Resource from: Livemint Likes:251

Dec 19,2014

In a bid to more than double exports by 2018, Kirloskar Oil Engines is planning to sell its power generation sets in the US, the world’s largest market, and Indonesia amongst new geographies. In this regards, the Pune-based engines and gen-sets maker will set up offices in the US and Indonesia during 2016. Recently, the company invested Rs 75 crore to help transition to CPCB 11 norms and was now in a position to take its products to developed markets with more stringent emission norms. The company’s current revenue from export of gen-sets to regions such as West Asia and Africa stood at Rs 200 crore, and the target was to take this to Rs 500 crore by 2018. The power generation business accounts for around 40 per cent of the company’s income from sales. Kirloskar Oil Engines manufactures the widest range of diesel engines in India. Its other product range includes irrigation pump sets, diesel generating sets and engine bearings.

(Livemint)

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