Kirloskar Ferrous Jumps 4% After Winning ₹358 Crore ONGC Contract
Mumbai, October 23 (Udaipur Kiran): Shares of Kirloskar Ferrous Industries surged over 4 percent in early trade on Wednesday after the company announced securing a ₹358 crore contract from Oil and Natural Gas Corporation (ONGC).
The stock opened at ₹529.90 on the BSE and climbed to an intraday high of ₹546.60 before settling at ₹538.00 — up by ₹21.35 or 4.13 percent from its previous close of ₹516.65. Around 7,000 shares were traded on the counter so far.
With this rise, the company’s market capitalisation reached ₹8,511.24 crore. The scrip’s 52-week high stands at ₹699.75 (December 9, 2024), while its 52-week low is ₹423.00 (May 6, 2025). Over the past week, the stock has moved between ₹496.00 and ₹546.60.
Promoters currently hold 50.90% stake in the company, while institutions and non-institutional investors own 12.58% and 36.52%, respectively.
The ONGC contract, valued at ₹358 crore (including 12% GST), is for the supply of regular EUE Tubing, Pup Joints, and Crossovers. The agreement will remain in effect from October 21, 2025, to October 20, 2026, under the terms and conditions laid out by ONGC.
Kirloskar Ferrous Industries (KFIL), part of the Kirloskar Group, is known for its high-quality pig iron and grey iron casting solutions. With a 130-year-old legacy of manufacturing excellence and innovation, the company continues to strengthen its footprint in India’s industrial engineering sector.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.