Hot Pursuit     26-Sep-11
NPCIL order boosts Kirloskar Oil Engines
Kirloskar Oil Engines surged 3.19% to Rs 139.30 at 10:29 IST on BSE after the company secured an order worth Rs 396 crore from Nuclear Power Corporation of India.

The company announced the new order win after market hours on Friday, 23 September 2011.

Meanwhile, the BSE Sensex was down 193.83 points, or 1.20% to 15,968.13.

On BSE, 79,241 shares were traded in the counter as against an average daily volume of 15,626 shares in the past one quarter.

The stock hit a high of Rs 138.95 and a low of Rs 135.60 so far during the day. The stock had hit a record high of Rs 261.90 on 24 December 2010 and hit a lifetime low of Rs 107 on 28 August 2011.

The mid-cap stock had outperformed the market over the past one month till 23 September 2011, gaining 20.21% compared with the Sensex's 2.04% fall. The scrip had also outperformed the market in past one quarter, rising 9.58% as against 8.83% decline in the Sensex.

The company has an equity capital of Rs 29.13 crore. Face value per share is Rs 2.

Kirloskar Oil Engines said the latest order from Nuclear Power Corporation of India (NPCIL) is for supplying 16 emergency diesel generating sets of 4.2 megawatts (MW) each. The order is to be executed over next 42 months.

Kirloskar Oil Engines' net profit rose 2% to Rs 43.46 crore on 1.4% fall in net sales to Rs 554.98 crore in Q1 June 2011 over Q1 June 2010.

Kirloskar Oil Engines manufactures diesel engines, agricultural pumpsets and generating sets.

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