Kirloskar Brothers Limited informed the exchange that its Board of Directors, in its meeting held on August 25, 2023, has approved the purchase of vacant and un-utilised land admeasuring 12.30 acres from The Kolhapur Steel Limited, a subsidiary of KBL, situated at Village Shiroli, Dist. Kolhapur, for a total consideration of Rs. 626.20 Million.
The acquisition of the land is for future expansion.