Kirloskar Brothers Limited has been awarded a significant order from Indian Oil Corporation Limited (IOCL) for the supply of pump sets. The order involves supplying over 14,000 pump sets for the retail market in the Oil & Gas Sector. Delivery is expected within 12 months, and payment terms are set at 100% upon delivery, as per the contract.
Significant Order Secured
Kirloskar Brothers Limited has received a substantial order from Indian Oil Corporation Limited (IOCL) for the supply of pump sets. This is a prestigious win for the company, further solidifying its presence in the Oil & Gas Sector.
Order Details and Scope
The order entails the supply of more than 14,000 pump sets. These pump sets will be deployed across IOCL’s retail outlets, enhancing their operational efficiency. The expected delivery timeline is within 12 months from the date of the contract award.
Payment Terms
The terms of payment stipulate that 100% of the payment will be made upon delivery of the pump sets, according to the agreed-upon contract terms.
Source: BSE
