On July 14, 2026, Kirloskar Brothers Limited (KBL) announced that its subsidiary, SPP Pumps Limited in the UK, has secured a major international order valued at ₹149.59 crore, as per the exchange filings.
The contract was awarded by Saipem Offshore Construction SPA for the procurement of specialised vertical pumps and associated components.
SPP Pumps Limited, a wholly-owned subsidiary of KBL, has been awarded a contract worth aggregating to GBP 11.7 million (approximately ₹149.59 crore) by Saipem Offshore Construction SPA.
The contract involves the manufacturing and delivery of specialised vertical pumps and replacement components.
The project is part of a cross-border infrastructure initiative and requires strict adherence to financial safeguards and timeline rules as outlined under SEBI's Part A of Schedule III framework.
Note: Total value of the order is GBP 11,674,520 (equivalent to approximately ₹149.59 crore).
The contract specifies a 52 to 60-week execution window for the complete manufacturing and delivery of the pumps and spare equipment. SPP Pumps Ltd is required to issue a 10% Performance Bond and a 5% Warranty Bond relative to the contract value.
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KBL has clarified that the transaction is conducted on an arm's-length basis, with no involvement from its promoter group or sister companies. The order is categorised outside of related party transactions.
As of July 14, 2026, at 3:30 PM, Kirloskar Brothers share price on NSE was closed at ₹1,929.90, down by 1.03% from the previous closing price.
SPP Pumps Limited's contract with Saipem Offshore Construction SPA, valued at ₹149.59 crore, involves the procurement of specialised vertical pumps. The project includes a 52 to 60-week delivery timeline and requires financial bonds totalling 15% of the contract value.
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Published on: Jul 14, 2026, 6:00 PM IST
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