Kirloskar Oil plans 2 bln rupees expansion in FY09

Newswire

NEW DELHI, Oct 25 (Reuters) - Kirloskar Oil Engines Ltd plans to invest up to 2 billion rupees in 2008/09 to further expand capacity, a senior company official said. "Five billion rupees is already done this year by March. Another 1-2 billion rupees might happen next year depending on plans for next year," Managing Director Atul Kirloskar told reporters on the sidelines of a conference. He said the funds for capacity expansion will be generated through loans and internal accruals. The ...

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