Kirloskar Group-Backed Industrial Products Company Secures Rs 149.59 Crore International Order for Vertical Pumps and Spares

On Tuesday, Indian equity benchmarks ended lower, with the benchmark Nifty 50 index declining 0.66 per cent or 158.95 points to close at 24,052.05. Kirloskar Brothers share price also ended 1.03 per cent lower or Rs 20.10 at Rs 1,929.90 during the trading session.

Kirloskar Brothers Secures Rs 149.59 Crore International Order

Kirloskar Brothers Limited announced that SPP Pumps Ltd, UK, a wholly owned material subsidiary of the company, has secured a significant order from Saipem Offshore Construction SPA. The order is for the supply of vertical pumps and spares and has an aggregate value of GBP 11.7 million.

The company disclosed the order win to BSE and NSE on July 14, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The total value of the order stands at GBP 11,674,520, equivalent to approximately Rs 149.59 crore. The contract has been awarded by an international entity and is classified as an international order.

Under the terms of the contract, SPP Pumps is required to issue a performance bond equal to 10 per cent of the contract value and a warranty bond equal to 5 per cent of the contract value.

Order To Be Executed Within 52 To 60 Weeks

The order involves the supply of vertical pumps along with spares and is scheduled to be executed within 52 to 60 weeks from the receipt of the order.

The company clarified that its promoter, promoter group and group companies do not have any interest in the entity that awarded the contract. The order also does not fall within the ambit of related-party transactions.
Also Read - Jindal Saw Share Price Falls 4% as Company Reports Q1 FY27 Results; PAT Declines to Rs 90.79 Crore

SPP Pumps Holds Leadership Position In UK Pump Industry

SPP Pumps is the flagship international subsidiary of Kirloskar Brothers and holds a leadership position in the UK pump industry. According to the company's exchange filing, the order to supply pumps to Saipem is a prestigious contract for the subsidiary.

About Kirloskar Brothers

Kirloskar Brothers Limited is a Kirloskar Group company engaged in providing pumping solutions for a range of industrial and infrastructure applications. The company operates in the pumps and fluid management segment and serves customers across domestic and international markets.

The company has its registered office and global headquarters in Pune, Maharashtra. Through its operations and international subsidiaries, Kirloskar Brothers provides pumping solutions and related products across various industries and global markets.

What are your thoughts on Kirloskar Brothers' Rs 149.59 crore international order win? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.