Kirloskar Ferrous Share Price Surges Over 2% On Securing ₹358 Crore Order from ONGC

Kirloskar Ferrous Industries Limited (KFIL), a Kirloskar Group company, has received a ₹358 crore contract from Oil and Natural Gas Corporation Limited (ONGC) for the supply of regular EUE Tubing, Pup Joints, and Cross Overs, the company said in a regulatory filing on Wednesday.

Key Development

The contract, valued at around ₹358 crore inclusive of 12% GST, covers the manufacturing and supply of critical oilfield components in accordance with the specifications outlined by ONGC. The agreement, effective from October 21, 2025, to October 20, 2026, will be executed entirely within India.

According to the filing, the order was awarded by a domestic entity and does not fall under any related-party transaction. The company further clarified that neither the promoter group nor any affiliated companies hold an interest in ONGC.

Strategic Significance

This latest win underscores KFIL’s growing position as a trusted domestic supplier for India’s energy sector. The company’s advanced manufacturing capabilities and established record in precision casting and engineering solutions have positioned it to meet the stringent quality and technical requirements of major industrial clients like ONGC.

The company stated that the contract will be executed under standard terms and conditions, with potential revisions in GST rates to be applied as per government notifications.

Read More: ONGC to Invest ₹8,110 Crore in Andhra Pradesh Oil and Gas Development Project!

Kirloskar Ferrous Industries Share Price Performance

As of October 23, 2025, 12:22 PM, Kirloskar Ferrous Industries is trading at ₹530.05 per share, reflecting a surge of 2.59% from the previous closing price.

Conclusion

The new ONGC contract strengthens Kirloskar Ferrous’ order pipeline and reinforces its role in supporting India’s oil and gas infrastructure through high-quality, indigenously manufactured engineering components.

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