Kirloskar Ferrous Industries Secures International Contract Worth USD 13.51 Million for Pig Iron Supply
Kirloskar Ferrous Industries Ltd has secured a contract for the supply of basic grade pig iron from an international buyer based in London, UK. The contract, valued at approximately USD 13.51 Million, outlines the delivery details and terms for the ferrous product.The deal involves supplying basic grade Pig Iron as per the specifications mentioned in the contract. This procurement falls under the category of international business transactions.
Key details of the agreement include:
- Product: Basic grade Pig Iron.
- Quantity: 30,000 (+/- 5%) Metric Tons (MT).
- Basis: The supply is on an FOB basis.
- Payment Terms: The transaction will be settled against a Letter of Credit payable at sight.
- Timeline: Shipments must be completed by August 15, 2026.
The contract signifies a significant international order for the company.
Financial and operational aspects of the deal are summarized below:
| Particulars | Details |
|---|---|
| Contract Value | Around USD 13.51 Million |
| Buyer Entity Location | London, UK |
| Product Supplied | Basic grade Pig Iron |
| Quantity Specified | 30,000 (+/- 5%) MT |
| Delivery Basis | FOB |
| Final Shipment Deadline | August 15, 2026 |
The company confirmed that there is no interest held by the promoter or promoter group companies in the entity awarding the order. Furthermore, the contract has been established outside of any related party transactions.
KIRLFER Stock Price Movement
Kirloskar Ferrous Industries Limited saw its stock climb today, settling at ₹444.3 after gaining 2.03%. The company traded within an intraday range of ₹434.8 to ₹449.45 on a volume of 75,913 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.