Kirloskar Ferrous Industries Secures International Contract for Supply of Pig Iron Worth USD 13.51 Million
Kirloskar Ferrous Industries Limited (KFIL) has secured a contract for the supply of pig iron from an international buyer, marking a significant deal in the commodities sector. The agreement involves supplying basic grade pig iron based on specifications mentioned in the contract.The contract was finalized with an entity located in London, UK, and represents an opportunity to expand KFIL’s international reach. The terms include the supply of 30,000 (+/- 5%) Metric Tons (MT) of basic grade Pig Iron. The transaction is structured on a FOB basis against a Letter of Credit payable at sight.
The contract details underscore that neither the promoter nor any group companies have an interest in the entity awarding the order, and the deal does not constitute a related party transaction.
Key terms and financial details of the international contract are summarized below:
| Particular | Detail |
|---|---|
| Entity Awarding Order | A buyer with an office in London, UK |
| Product Supplied | Basic grade Pig Iron |
| Contract Value | Around USD 13.51 Million |
| Quantity | 30,000 (+/- 5%) MT |
| Basis of Transaction | FOB against Letter of Credit payable at sight |
| Delivery Deadline | Latest shipment by August 15, 2026 |
The contract is categorized as an international order, confirming the global nature of the procurement. The successful acquisition of this business represents a substantial commercial achievement for Kirloskar Ferrous Industries Limited.
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