The company announced the new order win during trading hours today, 24 August 2011.

Meanwhile, the BSE Sensex was down 153.66 points, or 0.93% to 16,344.81.

On BSE, 3.40 lakh shares were traded in the counter as against an average daily volume of 42,495 shares in the past one quarter.

The stock hit a high of Rs 177 and a low of Rs 164.10 so far during the day. The stock had hit a 52-week low of Rs 115.10 on Friday, 19 August 2011. The stock had hit a 52-week high of Rs 681 on 6 September 2010.

The small-cap stock had underperformed the market over the past one month till 23 August 2011, declining 14.32% compared with the Sensex's 11.88% fall. The scrip had also underperformed the market in past one quarter, falling 34.60% as against 8.31% decline in the Sensex.

The company has an equity capital of Rs 19 crore. Face value per share is Rs 10.

Kiri Industries (KIL) said the latest large export order is over and above the normal expected sales being targeted in the current financial year ending March 2012.

Commenting on the development, Mr Manish Kiri, managing director, Kiri Industries said, "This landmark order will allow Kiri Industries (KIL) to penetrate into one of the largest textile producers globally with its entire product range".

KIL said it has contracted a brilliant product mix of specialty products and commodity products together as one basket, which will allow KIL to increase its average sales price and average margins. Profit sharing mechanism with the consumer prices incorporated in the orders will provide additional benefits to KIL profits. KIL said the latest large order will help strengthen its sales network globally.

KIL's net profit surged 64.4% to Rs 12 crore on 18.6% growth in net sales to Rs 151.53 crore in Q1 June 2011 over Q1 June 2010.

Kiri Industries is one of the largest manufacturers and exporters of wide range of dyes, intermediates and chemicals from India. KIL also owns DyStar, the world's largest dyestuff company, with sales of about $800 million.