Kirloskar Ferrous Industries soars on bagging contract worth Rs 358 crore
Kirloskar Ferrous Industries is currently trading at Rs. 538.00, up by 21.35 points or 4.13% from its previous closing of Rs. 516.65 on the BSE.
The scrip opened at Rs. 529.90 and has touched a high and low of Rs. 546.60 and Rs. 520.00 respectively. So far 7064 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 699.75 on 09-Dec-2024 and a 52 week low of Rs. 423.00 on 06-May-2025.
Last one week high and low of the scrip stood at Rs. 546.60 and Rs. 496.00 respectively. The current market cap of the company is Rs. 8511.24 crore.
The promoters holding in the company stood at 50.90%, while Institutions and Non-Institutions held 12.58% and 36.52% respectively.
Kirloskar Ferrous Industries has received the contract worth Rs 358 crore (including GST at 12%) from Oil and Natural Gas Corporation (ONGC). The contract is for the supply of regular EUE Tubing, Pup Joints and Cross overs will be in accordance with terms and conditions as mentioned in the contract. The contract is to be executed from October 21, 2025 till October 20, 2026.
Kirloskar Ferrous Industries (KFIL) was formed with the intention of transforming the high-quality Pig Iron and Grey Iron casting industry. With a parent company that possesses a rich 130-year manufacturing and engineering legacy, KFIL has been built on a solid foundation of innovation and customer centricity.
