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Kirloskar Brothers Ltd has informed BSE that the Company, through its investment Company namely Kirloskar Brothers International B. V., has formed a subsidiary Company in Netherlands under the name and style as Kirloskar Brothers Europe B. V. This Company is a joint venture between Kirloskar Brothers International B. V. and Industrial Pump Group, Netherlands, a Company engaged in the sales and service of pumps in Europe.

Kirloskar Brothers Europe B. V. shall function as a distributor of Company in Europe under the brand ‘Kirloskar’ and is operational effective from July 01, 2008.

Kirloskar Brothers Ltd has informed BSE that the Company has received contracts from the
Nuclear Power Corporation of India Ltd A/c Bhartiya Nabhikiya Vidyut Nigam Ltd (BHAVINI) of:

1. Design, engineering, manufacture, assembly / pre assembly, test, shop painting, packing, forwarding, etc. and guarantee of condenser cooling concrete volute pumps, auxiliary sea water vertical turbine pumps, electrochlorination plant, traveling water screens, stop log gates and sea water pump house and electrochionination building and associated structures for sea water pump house package with a contract value of Rs 66.13 Crores and EURO 18.14 Lacs for supply.

2. Civil Works (Design, supply, construction, finishing and handing over) of sea water pump house and Electochiorination plants building and associates structures with a contract value of Rs 33.11 Crores.

Kirloskar Brothers Ltd has informed BSE that the joint ventures formed by the Company have received following contract from the Government of Andhra Pradesh, Irrigation & CAD Department:

- JV: MEIL-MAYTAS KBL

- Contract: At AVR Hindri Niva Sujala Sravanthi (HNSS) project Phase II, in respect of investigation, designs, drawings and construction of pump house for 35 Nos Lifts on branch / distributory canal in Chittoor and Anantpur district and 3 Nos of lifts on main canal including Electromechanical works and maintenance for 15 years and investigation, preparation of Hydraulic particulars, designs and drawings, excavation of HNSS main canal including construction of CM and CD works and distributory system under Punganur branch
canal to feed an ayacut of 10,000 acres.

Total Contract value Rs 933.76 Crs.

- KBL Portion of Contract Value: Rs 150 Crs.

Kirloskar Brothers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 22, 2008, inter alia, has recommended payment of final dividend of Rs 4/- (Rupees Four only) (200%) on equity shares of Rs 2/- each for the financial year ended March 31, 2008, subject to the approval of shareholders at the ensuing annual general meeting.

Kirloskar Brothers Ltd has informed BSE that the Company has received a letter of acceptance from Damodar Valley Corporation - Kolkata in respect of Koderma Thermal Power
Project, Stage?I (2×500 MW): Water System Package at Koderma District, Jharkhand. The total value of the contract is Rs 166.77 Crs.

The above contract is in respect of supply and installation of Balance of Plant (Water System) Package. It also includes construction, erection, testing, inspection and commissioning and handing over of the project including all associated electrical civil, structural and architectural work as specified.

Kirloskar Brothers Ltd has informed BSE that a meeting of Board of Directors of the Company will be held on April 22, 2008, inter alia, to consider the following:

1. To consider the Audited Financial Results for the quarter and year ended March 31, 2008.

2. To consider recommendation of final dividend on the equity shares for the financial year 2007-08.

Kirloskar Brothers Ltd has informed BSE that the Company has received a letter of intent (LoI) from the Government of Andhra Pradesh, Irrigation & CAD Department in respect of Rajiv Sagar Lift Irrigation Project (Dummugudem) for construction of main pumping station at Pamulapally and five other intermediate Pumping stations and three Subsidiary Pumping stations including Electro mechanical, Hydro mechanical works and site development for project.

The total value of the contract is Rs 338.92 Crs.

Kirloskar Brothers Ltd has informed BSE that the Compensation Committee of the Board of Director of the Company has approved grant of further 32050 Stock Options on January 19, 2008 to Permanent employees of the Company under the Employees’ “Share a Vision” - Stock Option Scheme, 2007 (ESOS 2007).

Under the scheme, each option is convertible into One Equity Share (Face Value Rs 2/-) of the Company upon vesting, at an Exercise price of Rs 200/- per share.

Subject to the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and the terms of the ESOS - 2007, the options will vest in 3 annual installment of 30%, 30% and 40%, after one year of the grant and shall be exercisable within a period of 3 years from the date of vesting.