Kirloskar Brothers Share Price Rise Nearly 8% After Getting ₹214 Crore Adani Power Pump Contract

Kirloskar Brothers Limited share price moved sharply higher in early trading on 6 March 2026 after the company disclosed a ₹214 crore contract from Adani Power Limited and its subsidiaries for pump systems to be deployed in thermal power projects on 27 February 2026.

Kirloskar Brothers Share Price Movement On March 6 2026

Shares of Kirloskar Brothers Limited were trading at ₹1,612.50, up ₹118.60 or 7.94%, as of 9:36 am IST on March 6, 2026.

The stock opened the session at ₹1,546.20 and soon gained momentum, climbing to a high of ₹1,642.00. The day’s low was ₹1,490.10 so far, compared with the previous close of ₹1,493.90.

Early trading showed a quick spike soon after the opening bell, a sign that investors were reacting to the recently disclosed order. Market capitalisation stood at about ₹12.83 crore, while the price-to-earnings ratio was 32.17, based on exchange data.

Contract Details

According to the company’s exchange filing, Kirloskar Brothers Limited has secured a contract worth ₹214 crore from Adani Power Limited and its subsidiaries Anuppur Thermal Energy (MP) Pvt. Ltd. and Korba Power Limited.

The order covers the supply, erection, testing and commissioning of circulating water pumps using concrete volute technology, along with auxiliary cooling water pumps and related electrical and control systems.

These systems will be installed across thermal power projects located in Madhya Pradesh, Assam, Chhattisgarh and Bihar.

The project is expected to be executed within 18 to 24 months from the date of the purchase order.

Payment Structure And Terms

The filing notes that payments will follow a phased structure. A portion of the payment will be released within 30 days after delivery of equipment, while the remaining amount will be linked to installation, commissioning and testing milestones.

The contract also carries a defect liability period of 12 months from the date of commissioning, a standard provision for large industrial equipment projects.

The company further clarified that the order is domestic in nature, and that no promoter or promoter-group entity has any interest in the awarding companies. The contract also does not fall under related-party transactions.

Company Background

Kirloskar Brothers Limited, part of the Kirloskar Group, manufactures pumping systems used in sectors such as water management, power generation, oil and gas, and industrial infrastructure.

Concrete volute pumps referenced in the contract are typically used in large thermal and nuclear power plants. Instead of a conventional steel casing, the volute chamber is integrated into reinforced concrete structures, allowing the system to handle very large volumes of circulating water with structural stability and lower lifecycle costs.

Conclusion

The ₹214 crore order adds fresh visibility to Kirloskar Brothers’ order book and execution pipeline over the next two years. The sharp early-morning move in the share price suggests the market is beginning to price in the incremental revenue potential tied to these thermal power projects.

Source: https://nsearchives.nseindia.com/corporate/KIRLOSBROS_27022026111358_SEIntimation_AdaniPower_27022026.pdf