Kirloskar Brothers surges on inaugurating second refurbishment centre

18 Jan 2013 Evaluate

Kirloskar Brothers is currently trading at Rs 169.35, up by 1.90 points or 1.13% from its previous closing of Rs 167.45 on the BSE.

The scrip opened at Rs 167.40 and has touched a high and low of Rs 169.95 and Rs 167.40 respectively. So far 766 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 184.85 on 09-Oct-2012 and a 52 week low of Rs 108.00 on 10-May-2012.

Last one week high and low of the scrip stood at Rs 179.30 and Rs. 160.00 respectively. The current market cap of the company is Rs 1328.86 crore.

The promoters holding in the company stood at 63.17% while Institutions and Non-Institutions held 14.59% and 22.24% respectively.

In a bid to address the service needs, the Indian pump major - Kirloskar Brothers has opened its second refurbishment centre in New Delhi. This first service centre was opened in Vadodara, Gujarat, in 2012.

The Authorised Refurbishment Centre is well equipped with state-of-the-art facility to service, repair and improve efficiency for all small, medium and large pumps manufactured by the company. The facility will offer services like overhauling of pumps, impeller balancing, hydro testing, corrocoating, performance enhancement, testing, shot blasting & painting and lastly it will also cater to customers having annual maintenance contract (AMC).

The Pune based company has six manufacturing plants and is now looking forward to open more Authorised Refurbishment Centres. The main objective behind commencing this new facility is to provide its customers with better conveniences of saving transportation cost, reduction in downtime and saving energy by upgrading the pumps.

Kirloskar Brothers is engaged in manufacturing pumps. It is as a part of $2.2 billion Kirloskar group. It is a global fluid management solutions provider and the largest manufacturer and exporter of centrifugal pumps and valves from India, claimed the company.

Kirloskar Brothers Share Price

2015.45 -146.75 (-6.79%)
23-Dec-2024 14:05 View Price Chart
Peers
Company Name CMP
BHEL 242.15
Bharat Electronics 292.60
Thermax 4560.00
Kirloskar Oil Eng 1012.75
GMM Pfaudler 1207.90
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