Kirloskar Brothers Share Price in Focus After Subsidiary Secures ₹149.59 Crore International Order

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 UK Secures Prestigious Contract 

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). 

Delivery Timelines and Financial Safeguards 

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. 

Read More: PDS Share Price Surges Over 8% After Signing Multi-Year Sourcing Partnership with French Retailer! 

Arm's-Length Transaction with No Promoter Interest 

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. 

Kirloskar Brothers Share Price Performance 

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. 

Conclusion 

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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