Mumbai, July 15 -- The order entails the supply of vertical pumps and spares. Under the contract, SPP will be required to furnish a performance bond equivalent to 10% of the contract value and a warranty bond equal to 5% of the contract value.

The order is scheduled to be executed within 52-60 weeks from the date of receipt.

The company said SPP, its flagship international subsidiary and a leader in the UK pump industry, considers the order a prestigious win.

The company clarified that the contract is not a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the award of the order.

Kirloskar Brothers is a part of the Kirloskar Group engaged in the business of engineering and ...