Shree Marutinandan Tubes Wins ₹0.76 Crore POWERGRID Project Order for Andhra Pradesh Transmission Project

Mumbai, June 24: Shree Marutinandan Tubes Ltd has secured a purchase order worth approximately ₹0.76 crore for executing fire protection systems work at a POWERGRID transmission project in Andhra Pradesh, according to an exchange filing.

The order has been awarded by Mehta & Associates Fire Protection Systems Pvt. Ltd. and relates to the POWERGRID Kurnool Transmission Ltd project located at Adoni in Andhra Pradesh’s Kurnool district.

Under the contract, Shree Marutinandan Tubes will undertake the design, supply, testing, erection, commissioning and handing over of conventional fire detection and alarm systems along with a High Velocity Water Spray (HVWS) system. The scope covers complete execution of the fire-fighting infrastructure required for the project.

The company said the order is part of its ordinary course of business and has been awarded by a domestic entity.

Order Scheduled for Completion by December 2026

As per the filing, the contract carries a total value of approximately ₹0.7617 crore, including GST. The execution timeline extends until December 30, 2026.

The payment structure includes milestone-based payments linked to advance receipt, dispatch, erection completion and post-invoice settlement. Such phased payment mechanisms are commonly used in industrial infrastructure projects to align cash flows with project progress.

While the order size is relatively modest, it adds to the company’s order pipeline and reinforces its presence in specialised fire protection and safety system installations.

Stock Market Snapshot

The announcement comes as investors continue to track fresh order inflows across engineering and project-oriented businesses for indications of future revenue visibility.

As of the latest available market data on June 23, 2026, shares of Shree Marutinandan Tubes were trading at ₹64.00. The Shree Marutinandan Tubes share price remained largely stable as market participants assessed the impact of the newly secured order.

Order wins, particularly from projects linked to transmission and utility infrastructure, are often viewed as indicators of execution capability and business continuity.

Company Background

Shree Marutinandan Tubes operates in the engineering and industrial solutions space, undertaking projects related to fire protection systems, safety infrastructure and allied services. The company caters to industrial, utility and infrastructure projects requiring specialised safety and protection installations.

Its project portfolio includes work involving design, supply, installation and commissioning of fire-fighting and detection systems across multiple sectors.

Conclusion

The ₹0.76 crore contract for the POWERGRID Kurnool Transmission project adds another execution order to Shree Marutinandan Tubes’ order book and strengthens its presence in the industrial fire protection segment. Investors will watch project execution progress and future order inflows as the company continues to expand its infrastructure and safety systems portfolio.

Source:

• https://www.bseindia.com/stock-share-price/shree-marutinandan-tubes-ltd/shree/544083
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/473429ff-87b0-448a-9d41-f3e1f833f882.pdf