Shivam Pipes Secures ₹7.55 Crore Order For BSNL BharatNet Project

Mumbai July, 23: KD Green Industries Limited said its subsidiary Shivam Pipe Industries has secured an order worth approximately ₹7.55 crore for the supply of galvanised steel tubular poles for a Bharat Sanchar Nigam Limited project.

Shivam Pipes, in which KD Green Industries holds a 51% stake, received the order from a contractor executing the project for BSNL, according to the company’s exchange disclosure.

The supply forms part of BharatNet Phase III, NER-1 Package under the Amended BharatNet Programme. The company did not disclose the name of the contractor or an execution timeline in the filing.

Shivam Pipes will supply galvanised steel tubular poles under its Xtech brand. The subsidiary is already a registered vendor with multiple electricity utilities across the North Eastern states as well as BSNL, the company said.

The latest contract adds to Shivam Pipes’ order activity in telecom infrastructure, where tubular poles are used to support network deployment and related infrastructure.

Stock Market Snapshot

KD Green Industries share price was at ₹50.48 as of 2:51 PM IST on July 23, 2026, according to the market data provided.

The stock saw a sharp move shortly after the opening bell before settling into a narrow range around ₹50 to ₹51 for much of the session. It was trading close to ₹50.50 by late afternoon, with relatively limited movement through most of the day.

The counter briefly moved towards ₹51 during the afternoon before giving up those gains. Trading volumes shown in the provided market chart were also uneven, with a few isolated spikes during the session.

KD Green Industries Company Background

KD Green Industries Limited, formerly known as Manbro Industries Limited, operates through businesses associated with steel products and infrastructure applications.

Its 51%-owned subsidiary Shivam Pipe Industries supplies galvanised steel tubular poles and caters to electricity utilities and telecommunications infrastructure requirements. The subsidiary markets its poles under the Xtech brand.

Conclusion

The approximately ₹7.55 crore order gives KD Green Industries’ subsidiary another supply mandate linked to the government’s BharatNet programme. The contract specifically covers galvanised steel tubular poles for the BSNL project under the NER-1 package.

The company’s shares, meanwhile, showed little sustained reaction to the disclosure and were trading at ₹50.48 as of 2:51 PM IST on July 23, 2026.

Source:

• https://www.bseindia.com/stock-share-price/manbro-industries-ltd/manbro/512595
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/4239b189-2055-4888-b828-5b545b31cb82.pdf