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MACHINIST - Kirloskar to set up pump manufacturing units at Coimbatore and Ahmedabad

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Home arrow News arrow Business News arrow Kirloskar to set up pump manufacturing units at Coimbatore and Ahmedabad

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Kirloskar to set up pump manufacturing units at Coimbatore and Ahmedabad
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Written by Vijay   
Friday, 29 October 2010

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Mumbai: Kirloskar Brothers Ltd  plans to set up new manufacturing units at Coimbatore and Ahmedabad for the production of Mini & DCM Pumps and Submersible Pumps, respectively.

The production at the respective units is expected to commence in the last quarter of the year or early next year. This will help the Company to cater to the market potentials for these products.

The company board, on recommendation from the remuneration committee, at its meeting held on October 28, 2010 re-appointed Mr. Sanjay C. Kirloskar as Managing Director of the Company with effect from November 19, 2010 for the further period of five years, subject to the approval by the shareholders.

The company has organized an Analysts' meet on October 28, 2010 to provide information about the Company's present working and future prospects.

Kirloskar Brothers Ltd has allotted 1,795 equity shares of Rs. 2 each to employees of the Company in terms of the Company's "Employees Share a Vision - Stock option Scheme 2007". With this the Issued and Subscribed & Paid up share capital of the Company has increased to 79336701 Shares (Equity Shares of Rs. 2/- each) of Rs 158,673,402.

 
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