Kirloskar Ferrous Industries Share Price Gains Over 11% After Securing $13.51 Million Pig Iron Supply Contract

Kirloskar Ferrous Industries Limited has announced a new contract for the supply of pig iron valued at $13.51 million.  

The contract involves supplying 30,000 MT of pig iron to a buyer in London, UK, by August 15, 2026. 

Details of the Pig Iron Supply Contract 

The contract awarded to Kirloskar Ferrous Industries involves supplying 30,000 (+/- 5%) MT of basic grade pig iron.  

The transaction is set on an FOB basis, with payment secured via a letter of credit payable at sight. The shipment is scheduled for completion by August 15, 2026. 

International Engagement and Contract Value 

This contract represents an international engagement for Kirloskar Ferrous Industries, with the buyer located in London, UK.  

The total value of the contract is approximately $13.51 million, underscoring the scale of this international transaction. 

Shipping and Trade Terms 

The contract specifies that the pig iron will be supplied on an FOB basis, with other shipping and trade terms outlined in the contract. The letter of credit payable at sight ensures that the payment process is secure and efficient. 

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Kirloskar Ferrous Industries Share Price Performance 

As of June 18, 2026, at 9:27 AM, Kirloskar Ferrous Industries share price on NSE was trading at ₹496.40 up by 11.73% from the previous closing price. 

Conclusion 

Kirloskar Ferrous Industries has secured a $13.51 million contract to supply 30,000 MT of pig iron to a London-based buyer. The contract is set on an FOB basis, with completion by August 15, 2026, ensuring timely delivery. 

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