Kirloskar Brothers Limited’s wholly owned UK subsidiary, SPP Pumps Ltd, has secured a significant order worth GBP 11.7 million from Saipem Offshore Construction SPA for the supply of vertical pumps and spares, the Pune-headquartered pump manufacturer said on Tuesday.
Kirloskar Brothers order: Order size and scope
The order carries a total value of GBP 11,674,520, translating to approximately Rs 149.59 crore, as per the company.
The contract covers the supply of vertical pumps along with spares, and has been awarded by Saipem, which the company classified as an international entity. The order is to be executed over a period of 52-60 weeks from the date of receipt.
SPP’s standing in the UK market
Kirloskar Brothers described SPP Pumps as the company’s flagship international subsidiary, holding a leadership position in the UK pump industry.
The filing termed the win a prestigious order for SPP, underscoring the subsidiary’s growing traction with international clients in the offshore construction space. SPP has functioned as a key international arm for Kirloskar Brothers, extending the group’s manufacturing and supply capabilities beyond India into the UK and other overseas markets.
Contract terms and obligations
As part of the order’s terms and conditions, SPP is required to furnish a performance bond equal to 10 percent of the contract value, in addition to a warranty bond amounting to 5 percent of the value.
These bonds are standard safeguards in large international supply contracts, offering the buyer, Saipem in this case, financial protection against non-performance or defects during the warranty.
Kirloskar Brothers Limited (KBL), founded in 1888, is a global leader in fluid management solutions, delivering innovative and sustainable technologies for over 138 years. It serves diverse sectors, including water, oil & gas, power, irrigation and building and construction.
Headquartered in Pune, India, it is a multinational conglomerate whose innovative products and services impact the lives of over two-thirds of the global population. With manufacturing facilities in India, the UK, the Netherlands and the USA, it operates across 130 countries.
