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Kirloskar Oil Engines Wins Rs.270 Crore Navy Order for Marine Diesel Engine

Synopsis:

Kirloskar Oil Engines Limited has bagged a Rs.270 crore order from the Defence Ministry to develop 6MW marine diesel engines for the Navy, with 70% government funding.


Kirloskar Oil Engines Limited has signed a Rs.270 crore project sanction order with the Indian Navy under the Make-I category. The contract includes the design and development of a 6MW medium-speed marine diesel engine, which will be used in main propulsion and power generation systems for Indian Navy and Indian Coast Guard ships. The agreement was formalised on 2 April 2025 in New Delhi and is a significant step in the push for indigenous defence manufacturing.

Also read: Bharat Forge Shares Under Watch As Class 8 Truck Orders Decline

KIRLOSKAR OIL ENG LTD

Trade

752.5523.34 (3.20 %)

Updated - 03 April 2025
776.00day high
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730.00day low
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VOLUME (BSE)

Key Takeaways:

  1. Kirloskar Oil Engines Limited received a Rs.270 crore order from the Indian Navy.

  2. The project will develop a 6MW marine diesel engine with over 50% indigenous content.

  3. The government will fund 70% of the development cost.

  4. The engine will be used for both propulsion and power generation on naval vessels.

  5. The project reduces dependency on foreign OEMs and supports Aatmanirbharta in defence.

Also read: Mahindra Lifespace Eyes Rs.1,200 Crore From Mumbai Redevelopment Projects

Order Scope And Strategic Importance

The project falls under the Make-I initiative of the Ministry of Defence, which encourages Indian companies to undertake design and development of defence systems with government funding support. The 6MW diesel engine will be developed domestically with over 50% indigenous components, contributing directly to India's self-reliance in marine propulsion technology.

Kirloskar Oil Engines Limited will also develop detailed designs for diesel engines ranging between 3MW and 10MW. These engines are currently imported from foreign OEMs, but this project marks a strategic move towards establishing an Indian capability for high-capacity marine diesel systems.

Project Overview

Particulars

Details

Order Value

Rs.270 crore

Client

Indian Navy

Funding Structure

70% Government of India funding

Indigenous Content

Over 50%

Engine Capacity

6MW (Medium Speed)

Additional Scope

Design for 3–10MW engine systems

End Users

Indian Navy, Indian Coast Guard

Outlook For Kirloskar Oil Engines Limited Share Price

The order is likely to positively influence the Kirloskar Oil Engines Limited share price as it strengthens the company’s presence in defence manufacturing. With India pushing for technological self-reliance, such contracts can open new opportunities in naval engineering and defence production. As the project progresses, it may enhance the investor outlook and contribute to long-term value for shareholders, further supporting growth in Kirloskar Oil Engines Limited share price.

Also read: BEL Secures Rs.593.22 Crore Deal With IAF for Akash Missile Support

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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