Kirloskar Oil Engines Board approves ₹1,400 crore investment for 20,000 engines per annum capacity expansion at Kagal plant.
Expansion to be funded via internal accruals and borrowings, with completion targeted within two years.
Capacity enhancement supports company's strategic goal to achieve USD 2 billion revenue by FY2030.
Current plant capacity is 135,000 engines annually with approximately 75% utilization rate.