Kirloskar Brothers Limited has secured a significant contract worth ₹214 crore from Adani Power Limited and its subsidiaries for the supply of circulating water pumps for thermal power projects. According to reports from CNBC TV18, the contract involves supply, erection, testing and commissioning of circulating water pumps using concrete volute pump technology, along with auxiliary cooling water pumps and associated electrical and control systems. The contract mandates the supply of pump packages for thermal power facilities located across multiple Indian states, specifically mentioned as Madhya Pradesh, Assam, Chhattisgarh, and Bihar.
The pump packages will be deployed across thermal power projects located in Madhya Pradesh, Assam, Chhattisgarh and Bihar. As reported by CNBC TV18, the contract is scheduled to be executed within 18 to 24 months of the purchase order date. Payment will be made in phases, with 30 days from receipt of goods at the delivery point and the balance upon erection, commissioning and testing. The project carries a defect liability period of 12 months from the date of commissioning. KBL confirmed that the awarding entities—Adani Power Limited and its subsidiaries (including Anuppur Thermal Energy (MP) Pvt. Ltd. and Korba Power Limited)—are domestic entities, and the transaction does not fall within the scope of related party transactions.
For the December quarter, Kirloskar Brothers reported impressive financial results with net profit rising 44.5% to ₹118.5 crore from ₹82 crore in the previous year. According to the company's exchange filing, revenue increased 18.6% to ₹1,144.2 crore from ₹965 crore in the third quarter of the previous fiscal. The company's earnings before interest, tax, depreciation and amortisation (EBITDA) increased 34.3% to ₹166 crore from ₹123.6 crore in the previous year, with EBITDA margin expanding to 14.5% from 12.8% in the year-ago period.
This ₹214 crore contract provides substantial revenue visibility for the next 18-24 months and strengthens Kirloskar Brothers' position in the critical power sector equipment supply chain. As reported by HomeStocksNews, the deal reinforces the company's capabilities in serving the power generation infrastructure segment. The company has demonstrated its ability to secure large orders, including a ₹1600+ crore water supply contract in Jhattar in August 2023 and a ₹321 crore deal for water supply projects in Bangladesh in early 2024. This latest contract win underscores Kirloskar Brothers' competitive position against global and domestic players like Grundfos India and Flowserve India in supplying critical pumping solutions for large industrial and infrastructure projects.
Shares of Kirloskar Brothers were trading 0.62% higher at ₹1,583.90 as of 12:03 pm, as reported by CNBC TV18. However, the stock has declined 20.46% in the last six months, indicating mixed investor sentiment despite the recent contract win and enhanced order book position.
