Receipt of the contract for supply of products
KIRLFER · price
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Kirloskar Ferrous Industries has secured a contract from Oil and Natural Gas Corporation (ONGC) worth approximately ₹358 Crores (including 12% GST) for the supply of regular EUE Tubing, Pup Joints, and Cross overs. The contract runs for one year, from 21 October 2025 to 20 October 2026. The GST component may be revised based on recent government notifications. This is a domestic order, not a related party transaction, and no promoter or group company has any interest in ONGC.
This is a sizable one-year order from a strong government counterparty (ONGC), providing solid revenue visibility for FY26 and reducing order-book risk. For shareholders, this strengthens the near-term earnings outlook, though execution and pricing within the contract terms will be key to monitor.