Asia
Kirloskar Industries Unit Wins $13.5 Million Pig Iron Export Contract; Shares Jump 4%
Kirloskar Industries' (NSE:KIRLOSIND, BOM:500243) material subsidiary, Kirloskar Ferrous Industries, secured a $13.5 million export order for the supply of pig iron from a buyer based in London.The contract covers 30,000 metric tonnes of basic-grade pig iron, with a volume variation of up to 5%, on a free-on-board basis, according to a stock exchange filing on Thursday.Shipment is scheduled to be completed by Aug. 15.Shares of the company jumped over 4% in recent trade.
BOM:500243NSE:KIRLOSIND
