| Aktienanzahl | 33,02 Mio. |
| Aktientyp | Stammaktie |
Kirloskar Oil in Initial Pact With Axial Vector Energy
By NIKHIL GULATI NEW DELHI -- India's Kirloskar Oil Engines Ltd. Friday said it has entered into an initial pact with UAE-based Axial Vector Energy Corp. to explore the possibility of jointly developing internal combustion engines. Axial would provide the technical know-how for the engines while Kirloskar Oil would be responsible for marketing, engineering and manufacturing, Kirloskar Oil said in a notice to the Bombay Stock Exchange. "The company may form a joint venture for manufacturing and marketing of the engines," it said. The proposal is subject to technical and financial feasibility studies and necessary approvals from the board of Kirloskar Oil, it added.
Kirloskar enters MoU with Axial Vector Energy
BS Reporter / Mumbai January 29, 2010, 12:20 IST Kirloskar Oil Engines has entered into an MoU ( Memorandum of Understanding) with Axial Vector Energy Corporation to explore the possibility of co-operation in the joint development of engines programme for mass production of internal combustion engine by using its technology of AVEC. Kirloskar will also use marketing, engineering and manufacturing expertise of AVEC for the same. In a communication to the exchanges, the company said that it may form a joint venture company for manufacturing and marketing of the engines subject to technical and finacial feasibility and necessary approvals.