Kirloskar Ferrous bags ₹358 crore order from ONGC
Filing Summary
Kirloskar Ferrous Industries has received a ₹358 crore domestic order from ONGC for supply of EUE tubing, pup joints, and cross overs. The contract, effective from October 2025 to October 2026, includes GST at 12%. The company confirmed that the order is not a related party transaction and has been awarded through regular business channels.
Kirloskar Ferrous Industries Limited has received a contract from Oil and Natural Gas Corporation Limited (ONGC) for supply of specific industrial products. The order is valued at approximately ₹358 crore including Goods and Services Tax at 12%. The contract has been awarded on October 21, 2025, and will remain valid until October 20, 2026.
The supply involves regular EUE tubing, pup joints, and cross overs manufactured as per ONGC’s specifications. These items are to be delivered in accordance with terms outlined in the contract.
According to details provided, the order has been placed by a domestic entity and is not a related party transaction. The company has clarified that none of the promoters or group companies have any interest in ONGC. The contract has been awarded through regular business procedures.
The order value includes taxes, and the final amount may vary depending on changes in the applicable GST rate. The company will execute the order as per the delivery schedule set out in the agreement.
The communication also specifies that the order is for domestic supply. The products covered under the contract will be delivered to ONGC’s designated locations during the execution period.
This update has been disclosed in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The company has provided details of the order through an annexure including all key terms.
About Kirloskar Ferrous Industries:
Kirloskar Ferrous Industries Limited, a company within the Kirloskar Group, manufactures pig iron and ferrous casting products for industrial and automotive use. The company supplies castings for engines, transmissions, and machinery to major original equipment manufacturers. Its operations include foundries and production units located in India.