Kirloskar Ferrous Industries Order Analyzed

Kirloskar Ferrous Industries saw a positive jump of 2.52% to reach Rs 529.65 after winning a big order from Oil and Natural Gas Corporation (ONGC). This order is worth about Rs 358 crore and involves supplying specific pipes and fittings. This news is significant for both companies, highlighting demand within India’s energy sector.

Key Points

• ONGC awarded Kirloskar Ferrous Industries a ₹358 crore order.
• Supply includes EUE tubing, pup joints, and cross overs.
• Order execution spans one year: Oct 21, 2025 – Oct 20, 2026.
• Contract value includes 12% GST, subject to future changes.
• No related-party transactions; promoter group has no ONGC interest.
• Kirloskar Ferrous Industries is a leading Indian casting manufacturer.

This order represents a substantial opportunity for Kirloskar Ferrous Industries. The company will manufacture and deliver the required components to ONGC. This contract underscores the ongoing need for high-quality materials in India’s energy industry.

Kirloskar Ferrous Industries is a well-established player in the Indian market. They specialize in producing castings and pig iron. This order further validates their capabilities and strengthens their position within key sectors, including tractors, automobiles, and diesel engines.

The company’s financial results are also encouraging. Their consolidated net profit increased by 33.7% to Rs 93.28 crore, driven by a 9.3% rise in revenue. This demonstrates solid operational performance and growth potential.

This strategic partnership between Kirloskar Ferrous Industries and ONGC is poised to contribute significantly to both companies’ future growth. It represents a focused investment in critical infrastructure within India’s energy landscape.

Successfully executing this order demonstrates the strength of India’s industrial supply chains.