Kirloskar Oil Engines shares hit 20% upper circuit after firm bags power systems order for large-scale data centres

Kirloskar Oil Engines share price jumped 20% to hit its upper circuit level after the stock market re-opened on Monday, June 22, as investors focused on the company securing a 192 MW power systems order for large-scale data centres in India, according to an exchange filing.

Shares of Kirloskar Oil Engines surged 20% to its intraday high and upper circuit of ₹2,389.80 on Monday’s market, compared to ₹1,991.50 at the previous stock market close, according to NSE data.

“Kirloskar Oil Engines Limited (KOEL), one of India's leading manufacturers of power generation solutions, today announced a significant order from HyperNext, a next-generation digital infrastructure company focused on delivering hyperscale-ready, AI-enabled data centre solutions,” the company informed stock exchanges.

The company filed its order update after the market operating hours on Friday, June 19. Kirloskar Oil Engines shares have a 20% tolerance price band limit before it hits either a lower or upper circuit.

Order update details

On Friday evening, Kirloskar Oil Engines announced that the company had received a high-capacity power system supply order from an AI-enabled data centre solutions company, HyperNext.

As per the deal update, Kirloskar Oil Engines is set to supply 192 megawatts (MW) or 96 units of KOEL’s 2500 kVA Optiprime™ Dual Core power systems, which will be used to support hyperscale data centres in India.

The deal is set to support HyperNext's aim to build resilient, scalable, and energy-efficient digital infrastructure capable of meeting the rapidly growing demands of cloud computing, artificial intelligence, and mission-critical enterprise workloads.

“As AI and cloud adoption accelerate globally, data centres require robust and resilient backup power systems that can support ever-increasing energy demands,” said Madan Patil, President- Global Powergen Business, Kirloskar Oil Engines.

With the rising demand for data centres in India, market experts predict that the infrastructure-linked companies are set to gain from the momentum, as companies will be needing several equipments like power systems and infrastructure to build their facilities.

Kirloskar Oil Engines hits 52-week high

Kirloskar Oil Engines shares surged to their 52-week high of ₹2,389.80 on Monday, June 22, while the 52-week low was at ₹825.60 on June 20, 2025, according to NSE data.

Shares of Kirloskar Oil Engines have delivered more than 848% returns on their investment in the last five years, over 464% returns in the last three years, and more than 170% returns in the past one year.

NSE data also showed that the company's shares have risen 86% so far in the calendar year 2026, and have gained 37% in the past one month. Kirloskar Oil Engines shares were trading 18% in the last five market sessions on the stock exchange.

The company’s market capitalisation (m-cap) was at ₹34,742 crore as of the trading session on Monday, June 22, 2026.