India’s leading pump manufacturer, Kirloskar Brothers Ltd has received a letter of intent (LoI) worth Rs 338.92 crore from the Government of Andhra Pradesh, Irrigation & CAD Department.

The LoI 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.

Kirloskar Brothers Ltd. reported 85% decrease in net profit at Rs 4.77 crore for the quarter to December 2007. Its sales increased by 15% to Rs 322.50 crore.