Business Daily from THE HINDU group of publications
Saturday, Jul 19, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, Jul 19, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate
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Restructuring Kirloskar Oil Engines plans business rejig Our Bureau Pune, July 18 Kirloskar Oil Engines Ltd (KOEL) plans to restructure its business, bio-gas compatible engines and plans a vendor park at Kagal. Talking to presspersons after the annual general meeting of the company, Mr Atul C. Kirloskar, Chairman and Managing Director, said it has restructured its business into two units – engines and gensets. “This is being done to improve market response and we have restructured KOEL into separate businesses for engines and gensets by combining and restructuring the erstwhile product-based SBUs. It would also help to focus on building functional skills in manufacturing and sourcing,” he said. With this, all the requirements, from small to large engines, would be handled by one business unit. Technology transferOn the US-based Waukesha Engines technology transfer, Mr Kirloskar said the technology transfer for the diesel and gas engines under this agreement had been completed. “We are in the process of a final financial review and de-risking of the required manufacturing capacity investment before committing funds to its creation,” he said, adding that it was looking at around 100-200 engine sales a year as it catered to the higher segment of 2 - 3.6 MW, domestic or export market. The engines are expected to be ready by 2010. He said for the range between 100 kVa and 1 MW, it would be looking at trading.He said KOEL has also received an engine and a DG set from Waukesha for further research. The Green Technologies initiative, started last year, had ensured 100 per cent bio-diesel compatibility for its small and medium engine range. It has also developed patented technology for biogas production. Kagal plantAsked about the Kagal plant, he said the construction has been completed and the machines have been installed including equipment for assembly, painting and packing. He said against an installed capacity of 5,500 engines a month, it has produced 2,600 engines in June. About 700 people have been employed at the Kagal plant. He said it was also looking at setting up the vendor park at Kagal and that it should see some shape by next year. Q1 profit upSales in the first quarter amounted to Rs 566 crore (Rs 492 crore) and net profit Rs 29 crore (Rs 27 crore). Kirloskar Brothers restructures into nine business sectors Kirloskar Oil plans capacity expansion Kirloskar Oil Engines to set up Rs 550-cr greenfield project Kirloskar Oil betting on demands More Stories on : Restructuring | Engineering
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