Kirloskar Oil Engines shares jumped 20% in early trade on Monday, touching a 52-week high after the company announced it had secured a significant order for large-scale data center infrastructure.
The contract win underscores the growing demand for reliable power generation solutions as data center expansion accelerates across India.
The stock extended its rally on Tuesday, surging to a 52-week high of ₹2,720.
The sharp price movement reflects investor confidence in the company's ability to capitalize on the booming data center market, which requires robust and uninterrupted power supply systems.
Kirloskar Oil Engines, a prominent Indian diesel engine manufacturer, has been expanding its portfolio beyond traditional agricultural and industrial applications.
The new order highlights the company's strategic pivot toward high-growth sectors, including data centers, which are increasingly critical to India's digital infrastructure.