Kirloskar Ferrous lands ₹113.5 cr pig iron order from UK buyer
30,000 MT of basic grade pig iron to be shipped sight L/C, FOB basis, delivery by August 2026
— 1 earlier story on Kirloskar Industries Ltd. →What's new
- KFIL wins contract to supply 30,000 MT pig iron to a London-based buyer.
- Order value USD 13.51 million, about 3% of Kirloskar Industries' market cap.
- Delivery by August 15, 2026; payment via sight letter of credit.
Why this matters
The order adds near-term revenue visibility and shows global demand for KFIL's pig iron. Though small relative to the parent's ₹1,827 cr quarterly revenue, it builds on KFIL's recent momentum — FY26 PAT nearly doubled to ₹594.74 cr.
What we're watching
- Execution of the order and any follow-on contracts from the same buyer.
- Sustainability of pig iron export margins amid global steel dynamics.
- Whether KFIL can convert this into a regular European channel.
The full read
Kirloskar Ferrous Industries Ltd., the material subsidiary of Kirloskar Industries Ltd., has secured an export order for 30,000 metric tonnes of basic grade pig iron to a UK buyer. The contract is valued at USD 13.51 million (approx ₹113.5 crore), about 3% of the parent's market cap of ₹3,823 crore. Shipment will be on FOB terms against a sight letter of credit, with delivery due by August 15, 2026. The buyer is unrelated. The parent's latest quarterly revenue was ₹1,827 crore with net profit ₹110 crore, and KFIL's FY26 standalone PAT nearly doubled to ₹594.74 crore. This is a routine supply contract, but it strengthens the export book.
Questions answered
- How big is this order relative to KFIL's revenue?
- The ₹113.5 crore order is about 6% of KFIL's estimated trailing sales and 3% of the parent's market cap — material but not transformative.
- Is the buyer related to Kirloskar?
- No. The London-based buyer is an international entity with no promoter or related-party interest in Kirloskar Ferrous.
- What are the payment and shipping terms?
- Shipment is on FOB terms against a sight letter of credit — a standard low-risk arrangement.
- When must the delivery be completed?
- By August 15, 2026.
- How does this order compare to previous export contracts?
- It is a routine supply contract consistent with KFIL's regular export activity. The size is noteworthy but not exceptional.
Kirloskar Industries Ltd.
Latest quarter · Mar 2026
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Story so far
All notes on KIRLOSIND →- 18 Jun 2026 · 10:36 AM IST Kirloskar Ferrous lands ₹113.5 cr pig iron order from UK buyer
- 6d ago Kirloskar Ferrous PAT nearly doubles to ₹594.74 cr on tax boost