Kirloskar Ferrous Bags ₹358-Crore ONGC Deal, Fuels Growth in Energy Supply Chain

Image Source: Kirloskar Ferrous

Kirloskar Ferrous Industries Ltd has bagged a ₹358-crore domestic contract from Oil and Natural Gas Corporation (ONGC) to supply EUE tubing, pup joints, and crossovers. The one-year agreement, valid from October 21, 2025, to October 20, 2026, strengthens Kirloskar’s industrial supply portfolio and reinforces its position in the energy sector.

Kirloskar Ferrous Industries Ltd (KFIL), a leading player in the castings and pig iron segment, has clinched a major supply contract worth ₹358 crore from state-owned energy giant Oil and Natural Gas Corporation Limited (ONGC). The contract, dated October 21, 2025, covers the supply of critical petroleum tubular products such as regular EUE tubing, pup joints, and crossovers as per ONGC’s detailed specifications.

The deal underscores Kirloskar Ferrous’ growing diversification beyond its traditional base of automotive and foundry products and into industrial-grade supplies for energy infrastructure. It also reinforces KFIL’s expanding relationship with India’s largest exploration and production firm, marking a significant stride in the company’s industrial materials portfolio.

Key highlights:

The total contract value is approximately ₹358 crore, inclusive of 12% GST, which may be recalibrated as per upcoming government GST notifications.
The scope of supply covers EUE tubing, pup joints, and crossover products, in line with ONGC’s technical and operational requirements.
The contract duration runs for one full year, from October 21, 2025, to October 20, 2026.
ONGC is the awarding entity, making this a purely domestic engagement between Indian entities.
The agreement does not involve any related-party transactions, nor does the Kirloskar promoter group hold any interest in ONGC.
Deliveries are expected to be phased, aligning with ONGC’s procurement schedule and field operations.
The contract is likely to contribute positively to KFIL’s revenue visibility for FY26, diversifying its client base beyond automobile and industrial manufacturers.

The announcement is seen as a strategic win for Kirloskar Ferrous, especially amid India’s ongoing thrust on domestic upstream oilfield equipment manufacturing and the government’s Make in India impetus. Analysts believe this could open new corridors for repeat orders from ONGC and possibly other public sector enterprises, cementing KFIL’s credibility as a key engineering supplier in the country’s industrial ecosystem.

Sources: Bombay Stock Exchange (BSE filing), Kirloskar Ferrous Industries Ltd, Oil and Natural Gas Corporation Ltd.

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