Kilburn Engineering Secures Rs 70cr Order from Swiss Firm; Shares Up 3%

Kolkata, Jun 17: Kilburn Engineering has secured its maiden orders worth Rs 70.2 crore from Switzerland-based Casale SA for process equipment used in fertiliser applications.

The orders involve the design, engineering and manufacture of specialised process equipment, the company said in a statement on Tuesday.

The development marks Kilburn Engineering’s entry into the qualified supplier base of Casale, a global technology licensor in the fertiliser, chemical and energy sectors.

“The Casale orders are a validation of the standard we have set in process equipment for the fertiliser industry. Over the past year, we have won orders from Coromandel, RCF, FACT, Hindustan Zinc, Tecnimont, and now Casale — a combination of domestic blue-chips, global EPC contractors and technology licensors,” Kilburn Engineering Limited Chairman Amritanshu Khaitan said.

He added that the company’s enquiry pipeline remains strong and it is well-positioned to build on this momentum.

The contract comes alongside a series of domestic fertiliser wins for the company over the past 12 months.

Stock Market Snapshot

Kilburn Engineering share price traded higher in early trade on June 17, extending gains after investors reacted positively to recent developments around the company.
As of 9:27 AM IST, shares of Kilburn Engineering Ltd were trading at ₹501.90, up 3.35% from the previous close of ₹485.65.

The stock opened in the green and continued to attract buying interest during the first half hour of trading, briefly crossing the ₹500 mark. Trading volumes were also higher than usual, indicating increased investor participation.

The Kilburn Engineering share price has gained momentum in recent sessions as market participants tracked company-specific developments and broader interest in capital goods and engineering stocks. Investors will continue to watch order inflows, execution progress and business updates for further cues on the stock’s trajectory.

Export Orders

Kilburn has supplied equipment, including dryers, granulators, coaters, and coolers, to domestic firms with an aggregate domestic order value of approximately Rs 100 crore.

On the international front, the company has also secured an export order from Italian EPC contractor Tecnimont, and previously supplied equipment for the OCP Morocco project through JESA.

(With inputs from PTI)