Deals14 Jul 2026, 03:57 pm
Kirloskar Brothers Subsidiary SPP Pumps Secures GBP 11.7M Order
AI Summary
Kirloskar Brothers Ltd's wholly owned subsidiary, SPP Pumps Ltd. (UK), has received a significant order worth GBP 11.7 Million (approximately ₹149.59 crore) from Saipem Offshore Construction SPA. The order is for the supply of Vertical Pumps and Spares, with execution expected within 52-60 weeks. SPP Pumps is a material subsidiary and a leader in the UK pump industry. The order requires SPP to provide a Performance Bond of 10% and a Warranty Bond of 5% of the contract value.
Key Highlights
- Subsidiary SPP Pumps secures GBP 11.7M order from Saipem Offshore.
- Order includes supply of Vertical Pumps and Spares.
- Execution timeline is 52-60 weeks from order receipt.
- Performance and Warranty Bonds required from SPP Pumps.
Price Impact
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