Kirloskar Ferrous Industries Secures USD 13.51 Million Pig Iron Supply Contract
Kirloskar Ferrous Industries Limited (KFIL), a subsidiary of Kirloskar Industries Limited, has received a contract to supply 30,000 MT of pig iron to a London-based buyer. The contract value is approximately USD 13.51 million (approx. ₹112.7 crore), with the latest shipment due by August 15, 2026.
The contract value of approximately USD 13.51 million is substantial and represents a new business order, contributing to revenue and market presence. However, it is for a subsidiary, thus the direct impact on the parent company might be moderated.
The announcement details a new contract win for a material subsidiary, which is expected to generate significant revenue and positively impact the company's business.
Kirloskar Industries Limited announced that its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), has secured a significant contract for the supply of pig iron. The contract is with an international buyer located in London, UK.
The agreement entails the supply of 30,000 metric tons (+/- 5%) of basic grade Pig Iron, adhering to specified contract conditions. The transaction will be conducted on a FOB (Free On Board) basis, with payment facilitated through a Letter of Credit payable at sight. Other shipping and trade terms are in accordance with the contract.
The total value of this contract is approximately USD 13.51 million (approximately ₹112.7 crore). The latest shipment under this contract is scheduled to be completed by August 15, 2026. KFIL has confirmed that neither the promoter, promoter group, nor any group companies have any interest in the buyer's entity, and the contract does not fall under related party transactions.
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Kirloskar Industries Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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