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The orders have been awarded by domestic entities, including Anuppur Thermal Energy (MP) and Korba Power.
The scope of work includes supply and erection, testing and commissioning of Circulating Water Pumps (Concrete Volute pump technology) and Auxiliary Cooling Water Pumps, along with associated electrical and control systems. The projects are located in Madhya Pradesh, Assam, Chhattisgarh and Bihar.
Payments will be made in phases, with a portion payable within 30 days of receipt of goods at the delivery point and the balance upon erection, commissioning and testing. The contract carries a defect liability period of 12 months from the date of commissioning.
The orders are to be executed within 18 to 24 months from the date of purchase order.
KBL clarified that neither its promoter nor promoter group companies have any interest in the awarding entities, and the transactions do not fall under related party transactions.
Kirloskar Brothers is a part of the Kirloskar Group engaged in the business of engineering and manufacturing of systems for fluid management. The core businesses include large infrastructure projects (Water Supply, Power Plants, and Irrigation), Pumps, Valves, Motors and Hydro turbines. The scrip fell 1.04% to Rs 1,570.40 on the BSE.
Adani Power (APL), a part of the Adani portfolio, is the largest private thermal power producer in India. The scrip fell 0.28% to Rs 140.94 on the BSE.
Concord Biotech Ltd, Godfrey Phillips India Ltd, Life Insurance Corporation of India, Sai Life Sciences Ltd are among the other stocks to see a surge in volumes on NSE today, 06 February 2026.
Kirloskar Brothers Ltd clocked volume of 14.98 lakh shares by 14:14 IST on NSE, a 26.32 times surge over two-week average daily volume of 56914 shares. The stock gained 5.62% to Rs.1,632.10. Volumes stood at 31060 shares in the last session.
Concord Biotech Ltd witnessed volume of 20.01 lakh shares by 14:14 IST on NSE, a 20.09 times surge over two-week average daily volume of 99586 shares. The stock increased 10.69% to Rs.1,293.10. Volumes stood at 80462 shares in the last session.
Godfrey Phillips India Ltd saw volume of 59.12 lakh shares by 14:14 IST on NSE, a 18.29 fold spurt over two-week average daily volume of 3.23 lakh shares. The stock increased 10.90% to Rs.2,198.10. Volumes stood at 1.98 lakh shares in the last session.
Life Insurance Corporation of India registered volume of 138.94 lakh shares by 14:14 IST on NSE, a 15.16 fold spurt over two-week average daily volume of 9.17 lakh shares. The stock rose 6.97% to Rs.898.25. Volumes stood at 6.72 lakh shares in the last session.
Sai Life Sciences Ltd clocked volume of 38.44 lakh shares by 14:14 IST on NSE, a 7.91 times surge over two-week average daily volume of 4.86 lakh shares. The stock gained 4.34% to Rs.846.05. Volumes stood at 3.85 lakh shares in the last session.
IT shares witnessed selling pressure for the four consecutive trading sessions.
At 11:25 IST, the barometer index, the S&P BSE Sensex, declined 215.01 points or 0.26% to 83,763.48. The Nifty 50 index fell 95.95 points or 0.37% to 25,668.55.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.14%, while the S&P BSE Small-Cap index fell 0.34%.
The market breadth was positive. On the BSE, 1,679 shares rose and 2,129 shares fell. A total of 220 shares were unchanged.
IPO Update:
Billionbrains Garage Ventures (Groww) received bids for 5,62,23,000 shares as against 36,47,76,528 shares on offer, according to stock exchange data at 11:20 IST on Tuesday (4 November 2025). The issue was subscribed 0.15 times. The issue opened for bidding on 4 November 2025 and it will close on 7 November 2025. The price band of the IPO is fixed between Rs 95 and 100 per share.
Lenskart Solutions received bids for 29,92,13,043 shares as against 9,97,61,257 shares on offer, according to stock exchange data at 11:20 IST on Tuesday (4 November 2025). The issue was subscribed 3.00 times. The issue opened for bidding on 31 October 2025 and it will close on 4 November 2025. The price band of the IPO is fixed between Rs 382 and 402 per share.
Buzzing Index:
The Nifty IT index tumbled 1.05% to 35,279. The index fell 2.25% in the four consecutive trading session.
LTIMindtree (down 1.24%), Coforge (down 0.87%), HCL Technologies (down 0.85%), Tata Consultancy Services (down 0.78%), Persistent Systems (down 0.74%), Infosys (down 0.61%), Tech Mahindra (down 0.51%), Wipro (down 0.48%), Mphasis (down 0.48%) and Oracle Financial Services Software (down 0.4%) declined.
Stocks in Spotlight:
Smartworks Coworking Spaces rose 2.69% after the company announced a landmark lease at Eastbridge, Vikhroli. The deal gives Smartworks licensing rights for over 8,15,000 sq ft, making it the largest managed workspace campus ever leased by a single operator.
Kirloskar Brothers shed 0.69%. The company reported a 29.28% decline in consolidated net profit to Rs 67.4 crore on a 0.78% drop in revenue from operations to Rs 1,027.7 crore in Q2 FY26 over Q2 FY25.
Kansai Nerolac Paints fell 1.16%. The company reported a 5.20% rise in standalone net profit to Rs 136.94 crore in Q2 FY26, compared with Rs 130.16 crore in Q2 FY25. Revenue from operations rose marginally to Rs 1,871.02 crore in Q2 FY26 as against Rs 1,863.77 crore posted in the same quarter last year.
Global Markets:
Asia-Pacific markets traded mixed on Tuesday, diverging from Wall Street’s tech-driven rally overnight.
The gains in U.S. equities were fueled by renewed enthusiasm around artificial intelligence. Amazon shares jumped 4% after the company announced a $38 billion partnership with OpenAI, which will deploy hundreds of thousands of Nvidia graphics processing units. Nvidia stock also climbed about 2% after securing export licenses to supply its chips to the United Arab Emirates.
On Wall Street, the Nasdaq Composite rose on Monday as investors moved further into the artificial intelligence trade following a number of deal announcements.
The tech-heavy Nasdaq advanced 0.46% to finish at 23,834.72, while the S&P 500 traded up 0.17% to 6,851.97. The Dow Jones Industrial Average lagged, falling 226.19 points, or 0.48%, to 47,336.68.
Total expenses rose 3.08% to Rs 949.7 crore in Q2 FY26 over Q2 FY25. During the quarter, the cost of materials consumed stood at Rs 483.4 crore (up 1.53% YoY), while employee benefits expense was Rs 187.4 crore (up 6.36% YoY).
Kirloskar Brothers engineers, manufactures, and develops a range of leading-edge solutions for total fluidity management. Its capabilities span from large infrastructure projects such as water supply, power generation, irrigation, oil & gas, and marine & defence to small pumps for domestic and agricultural use.
Shares of Kirloskar Brothers shed 0.64% to Rs 1,878.45 on the BSE.