Shares of Kirloskar Ferrous Industries Ltd (KFIL) climbed 3.15% to ₹532.95 on Wednesday following the company’s announcement of a major contract win from Oil and Natural Gas Corporation Ltd (ONGC) valued at approximately ₹358 crore. The deal marks a significant expansion for KFIL in the oil and gas sector supply chain.
According to the company’s regulatory filing, the contract—dated 21 October 2025—involves the supply of regular EUE (External Upset End) Tubing, Pup Joints, and Cross overs. The execution period will run from 21 October 2025 to 20 October 2026, with the total value including 12% GST.
At 9:20 AM, shares of Kirloskar Ferrous were trading at ₹532.95, up ₹16.30 from the previous close of ₹516.65. The stock recorded a day range of ₹520 to ₹533.90 and a market capitalization of ₹87,640 crore on the BSE.
This contract is expected to significantly strengthen Kirloskar Ferrous’s foothold in the oil and gas supply ecosystem, adding to its revenue pipeline and diversification efforts beyond its core iron and steel operations. The company has disclosed the development under Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring transparency for investors and stakeholders.
The successful execution of this project could pave the way for additional partnerships with major energy sector clients, enhancing KFIL’s growth prospects in the coming quarters.
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