Kirloskar Oil targets 35 % growth target

Kolkata, Aug 7(UNI) Kirloskar Oil&Engines Ltd has targeted a growth of 35 per cent in the current financial year.

Speaking to mediapersons here today, KOEL Chairman&Managing Director Atul Kirloskar said the company has been growing at the same rate in the last two years.

KOEL is also setting up a plant in Kolhapur near Pune with an investment of Rs 500 crore. ''The plant will be ready by the end of 2008. It will have a capacity of 80,000 engines per annum,'' Mr Kirloskar said. The existing capacity of the plant is around 1,80,000 engines per annum.

The turnover of the company in the last fiscal was Rs 1900 crore and the export was Rs 200 crore.

UNI