Kirloskar Oil Engines Limited (KOEL) announced Board of Directors in its meeting held on 12th February 2024 has given consent to sign and execute a Spot License Agreement with MAN Energy Solutions France SAS, France, to manufacture engines required for 6.3 MWe DG sets. Area of agreement/JV: Manufacturing license & technical assistance for engines of 18PA6 B type to be used for 6.3 MW DG sets. Domestic/international: International.

Scope of business operation of agreement/JV: For granting technology license to the Company to manufacture engines required for Gensets. Details of consideration paid/received in agreement/JV: The consideration is in form of royalty payment. MAN has many years of accumulated extensive experience and Know-How in the design, manufacture, testing, installation and servicing of diesel engines and is continuously engaged in research and development as well as in world-wide sales promotion.

They are a major multinational company with presence in various locations across the globe. Rationale and benefit expected: To meet the customer demand for high capacity DG sets.