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Arka Fincap (Arka), a Kirloskar Group-promoted non-banking financial company (NBFC), announced it has signed definitive agreements with The Rise Funds, TPG's multi-sector global impact investing strategy. The strategic investment comprises an initial investment of Rs 525 crore, with the potential for an additional Rs 275 crore through a subsequent tranche, subject to the achievement of specified business milestones aligned with Arka's growth strategy and requisite regulatory approvals.
The investment marks a significant milestone in Arka's evolution into a diversified, secured retail lending institution. From its inception in 2018, the company has grown in scale and has built a stable and sustainable business. Over the past 18 months, the company has strengthened its leadership, built a pan-regional distribution network and incubated new secured lending businesses towards delivering value to all stakeholders. Today, with an AUM of ~ Rs 8,000 crore and a presence across ten states through 146 branches, Arka is building a broader and more granular lending franchise, while continuing to leverage its established wholesale lending platform.
The investment from TPG will provide growth capital to support the evolution of the business through deepening its geographical reach and accelerating investments in technology and risk management capabilities. With TPG's extensive sector experience and innovative approach towards building and scaling successful financial institutions, together with Kirloskar Group's long term institutional commitment, deep understanding of the geography and the customer, Arka is well positioned to capitalise on the vast opportunity in India's secured lending market.
Kirloskar Oil Engines (KOEL) and DEUTZ have agreed on a strategic co-operation. Through this co-operation, KOEL is expanding the global reach of its compact engine solutions into markets across Europe and North America, complementing international drive portfolios in the under-2-litre power segment. Kirloskar Oil Engines is a trusted industrial leader specialising in the engineering and manufacturing of internal combustion engines for the off-highway sector, while DEUTZ is a leading global engine manufacturer and drive system specialist based in Cologne, Germany.
The new drive platform will be offered as the naturally aspirated and turbocharged versions of the R550 platform. The water-cooled three-cylinder series with electronic direct injection and a high-pressure common-rail system covers a power range from 18 to 41.2 kW. Efficient combustion, compact dimensions, and flexible integration enable use in a variety of machine concepts, including construction, material handling, and industrial applications. The robust engine platform also meets the stringent emissions requirements of EU Stage V as well as EPA and CARB Tier 4.
Markus Villinger, CEO Business Unit DEUTZ Engines noted, “With the 1.6-litre engine, we are adding a compact and high-performance solution to our portfolio in the lower power segment. Together with Kirloskar Oil Engines, we are responding to market demand for reliable solutions below 2 litres. Combined with our global service offering, customers will benefit from reliable spare-parts supply, technical support, and lifecycle services.”
Astral Ltd gained 2.31% today to trade at Rs 1492.6. The BSE Capital Goods index is up 0.66% to quote at 80391.61. The index is up 2.91 % over last one month. Among the other constituents of the index, Kirloskar Oil Engines Ltd increased 2.08% and Hindustan Aeronautics Ltd added 1.7% on the day. The BSE Capital Goods index went up 19.75 % over last one year compared to the 3.01% fall in benchmark SENSEX.
Astral Ltd has added 9.94% over last one month compared to 2.91% gain in BSE Capital Goods index and 1.37% rise in the SENSEX. On the BSE, 203 shares were traded in the counter so far compared with average daily volumes of 45220 shares in the past one month. The stock hit a record high of Rs 1767.95 on 11 Mar 2026. The stock hit a 52-week low of Rs 1262.75 on 12 Aug 2025.
GE Vernova T&D India Ltd lost 2.36% today to trade at Rs 4101.9. The BSE Capital Goods index is down 0.83% to quote at 77269.72. The index is down 4.53 % over last one month. Among the other constituents of the index, Kirloskar Oil Engines Ltd decreased 1.91% and Bharat Electronics Ltd lost 1.78% on the day. The BSE Capital Goods index went up 13.46 % over last one year compared to the 5.02% fall in benchmark SENSEX.
GE Vernova T&D India Ltd has lost 18.64% over last one month compared to 4.53% fall in BSE Capital Goods index and 0.35% drop in the SENSEX. On the BSE, 2223 shares were traded in the counter so far compared with average daily volumes of 57917 shares in the past one month. The stock hit a record high of Rs 5650 on 23 Jun 2026. The stock hit a 52-week low of Rs 2357.25 on 28 Jul 2025.