Kirloskar Oil Engines Ltd announces Strategic Integration to accelerate B2C Growth

Kirloskar Oil Engines Limited ("Company") has transferred by way of a slump sale as a going concern, its Water Management Solutions ("WMS") - Domestic & Exports Business (collectively, the "B2C Segment") to its wholly owned subsidiary, La-Gajjar Machineries Private Limited, with a view to internally reorganise the B2C Segment. This strategic transaction is a crucial step in the execution of the Company's long-term vision. This transfer and reorganisation directly continues the strategic journey initiated by the Company, 3 (three) years ago to bifurcate its operations into distinct business-to-consumer (B2C) and business-to-business (B2B) segment to enhance operational efficiency and unlock focused growth potential. By reorganising these assets, the Company will significantly sharpen its focus on its B2C Segment operations, a key pillar of its longterm growth strategy. This move is expected to drive significant operational efficiencies, enhance resource allocation towards high-growth areas, and create a more agile and simplified organizational structure, thereby strengthening Company's market leadership, accelerating product innovation, and delivering enhanced value to its customers and shareholders.

Shares of Kirloskar Oil Engines Limited was last trading in BSE at Rs. 890.85 as compared to the previous close of Rs. 879.75. The total number of shares traded during the day was 6869 in over 515 trades.

The stock hit an intraday high of Rs. 897.00 and intraday low of 875.05. The net turnover during the day was Rs. 6101105.00.

Source : Equity Bulls

Keywords

KirloskarOilEngines INE146L01010 Integration WaterManagementSolutions SlumpSale LaGajjarMachineries B2C