Kirloskar Brothers Secures ₹214 Crore Thermal Pump Contract From Adani Power Subsidiaries

Kirloskar Brothers Limited on February 27, 2026 disclosed it had secured a ₹214 crore domestic contract from Adani Power Limited and its subsidiaries for circulating and auxiliary cooling water pump packages, triggering a regulatory filing under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Contract Scope and Regulatory Disclosure

In its exchange communication dated February 27, 2026, addressed to BSE and NSE, Kirloskar Brothers Limited said the award covers supply, erection, testing and commissioning of Circulating Water Pumps based on concrete volute technology, along with Auxiliary Cooling Water Pumps and associated electrical and control systems.

The order has been placed by Adani Power Limited and its subsidiaries Anuppur Thermal Energy (MP) Pvt. Ltd. and Korba Power Limited for thermal power projects located in Madhya Pradesh, Assam, Chhattisgarh and Bihar.

Execution is scheduled within 18 to 24 months from the date of the purchase order. Consideration aggregates to ₹214 crore.

Payment terms, as set out in the annexure to the filing, stipulate phased settlement within 30 days of receipt of goods at the delivery point, with the balance linked to erection, commissioning and testing milestones. A 12-month defect liability period applies from the date of commissioning.

The company confirmed the transaction is domestic in nature and does not constitute a related party arrangement. It further stated that neither the promoter nor promoter group entities hold any interest in the awarding entities.

The disclosure references Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Master Circular No. HO/49/14/14(7)2025-CFD-PoD2/3762/2026 dated January, 302026.

Share Price Movement On February 27,2026 So Far

Shares of Kirloskar Brothers Limited were trading at ₹1,574.90, down ₹18.50 or 1.16 per cent, as of 1:23 pm IST on February 27, 2026.

The stock opened at ₹1,593.60 and touched a high of ₹1,609.80 and a low of ₹1,561.00 so far. The previous close stood at ₹1,593.40. The company’s market capitalisation was indicated at ₹12.51K crore, with a price-to-earnings ratio of 31.33, according to exchange data.

Despite the contract announcement, the counter remained in negative territory in afternoon trade.

Company Background

Kirloskar Brothers Limited is part of the Kirloskar Group and operates in the design, manufacture and servicing of pumping systems for sectors including water management, power generation, oil and gas and industrial applications.

Concrete volute pump technology, referenced in the contract, is typically deployed in large thermal and nuclear power plants for high-volume circulating water applications. The structure integrates the volute casing into reinforced concrete, enabling scale efficiencies and structural stability in high-capacity installations.

The order reinforces the company’s presence in the domestic thermal power segment, where pump packages form part of balance-of-plant capital expenditure.

Conclusion

The ₹214 crore award adds medium-term execution visibility over the next two financial years, subject to project scheduling and site readiness. Revenue recognition will likely track supply milestones and commissioning benchmarks as outlined in the contract terms, as per the regulatory disclosure.

Source:

• https://nsearchives.nseindia.com/corporate/KIRLOSBROS_27022026111358_SEIntimation_AdaniPower_27022026.pdf
• https://www.nseindia.com/get-quote/equity/KIRLOSBROS/Kirloskar-Brothers-Limited