New Delhi, April 3 -- Kirloskar Oil Engines shares surged 4 per cent in early trading on Thursday, reaching an intraday high of Rs.765 on the BSE. The rally followed the company's announcement of securing a Rs.270 crore order from the Defence Ministry to design and develop a 6MW Medium Speed Marine Diesel Engine.

Kirloskar Oil Engines stock has gained nearly 30.52 per cent in over a month despite weak market sentiments.

The Indian Navy has issued a project sanction order under the Make-I category, advancing the development of indigenous marine engines. The agreement was signed in New Delhi on April 2, 2025, in the presence of Defence Production Secretary Sanjeev Kumar and Vice Chief of the Naval Staff, Vice Admiral Krishna Swaminathan....