Kirloskar to raise Rs 500 cr via asset mortgage

Kirloskar Brothers, manufacturer and exporter of centrifugal pumps, on Wednesday said it will borrow Rs 500 crore through mortgage of its assets and properties.

MUMBAI: Kirloskar Brothers, manufacturer and exporter of centrifugal pumps, on Wednesday said it will borrow Rs 500 crore through mortgage of its assets and properties.

The shareholders approved the proposal to create mortgages or charges on the company's assets and properties including movable or immovable, for borrowing up to Rs 500 crore, Kirloskar said in filing to the Bombay Stock Exchange (BSE).

IMP Power bags 1 mn dlr export order IMP Power Ltd today said it has bagged a one million dollar (Rs 4.10 crore) export order for supply of power transformers to Zambia.

"This is the third consecutive order for supply to that country in the past one year," the manufacturer, exporter and supplier of transformers, said in a filing to the Bombay Stock Exchange (BSE).

Earlier on June 11, IMP Power received two order of Rs 25 crore and Rs 4 crore from Sunil Hitech Engineers and Rajasthan Rajya Vidyut Nigam respectively, for manufacturing of power and distribution transformers.

Reliance appoints new additional director Reliance Industries Ltd (RIL) today said it has appointed R A Mashelkar as an additional director in the company.
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The appointment is with effect from June 9, the company said in a filing to the Bombay Stock Exchange (BSE).

R A Mashelkar was the former Director General of Council of Scientific and Industrial Research (CSIR).
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