Please find attached herewith announcement

Kirloskar Oil Engines Ltd's Board of Directors has approved a Rs. 1,400 Crores capital expenditure to enhance manufacturing capacity at its Kagal, Kolhapur plant. The company plans to add approximately 20,000 engines per annum to its existing capacity of ~1,35,000 engines p.a. (excluding an already in-progress expansion announced in August 2024). Current capacity utilization stands at ~75%. The expansion will be completed within 2 years and financed through a combination of internal accruals and borrowings. The company states this investment is aligned with its goal to reach USD 2 billion revenue by FY2030.