Mumbai, Feb. 27 -- The order has been awarded by a domestic entity, a joint venture between an Indian conglomerate and a foreign power sector major. The name of the customer has not been disclosed due to commercial considerations.

The contract, valued at Rs 58 crore, is scheduled to be executed by December 2026, the company said in a regulatory filing.

This is the maiden order for seamless pipes to be manufactured at the company's new facility in Anjar, Gujarat, signalling the commencement of commercial operations at the plant.

The company clarified that neither the promoter nor the promoter group has any interest in the entity awarding the contract. It also stated that the order does not fall under related party transactions.

DEE Dev...