Kirloskar Oil Engines shares surged as much as 18% to a 52-week high of Rs 2,360 on the BSE on Monday, after the Indian generator maker secured a 192-megawatt order from hyperscaler HyperNext, a deal that analysts say marks a critical breakthrough into a market where rival Cummins Inc. has held more than 80% share.
The order, for 96 units of KOEL's 2,500kVA Optiprime Dual Core Systems, is the largest and most strategically significant order the Pune-based company has won in the fast-growing data centre segment. For a stock and a company that has long traded at a discount to Cummins, the implications go beyond a single contract.
