Mr. Kirloskar is confident about 10% revenue growth

Pump maker Kirloskar Brothers expects to maintain revenue growth in the current financial year at about 10 percent and would incur capital expenditure of around 400 million rupees or more, a top official told Reuters after market hours on Thursday

Details on following link-

http://in.reuters.com/article/domesticNews/idINSGE64603D20100507

KBL acquired 90% shares in Braybar Limited, South Africa

Kirloskar Brothers Limited (KBL), through Kirloskar Brothers International B.V., Netherlands has acquired 90% shares in Braybar Pumps (Proprietary) Limited, in South Africa.

Braybar Pumps is a well known Company, in manufacture of High Head multistage pumps for dewatering in copper, coal and gold mines and rubber lined slurry pumps. They are also involved in repairs and servicing of various types of pumps. Braybar Pumps specializes in repairs of Split case pumps and enjoys a substantial market share.

Braybar Pumps has well established repair and in-house machining facilities. The acquisition would provide KBL immediate supply and service base, for its products in South African markets.

On the way forward, these facilities can be utilized for assembling various pumps required for the whole South African region as well as supporting KBL with white metal lined bearings which is another product that they manufacture.

The acquisition cost for the business of Braybar Pumps is Rs. 110 millions.