Shivam Pipes Secures Rs 90.8 mn Orders For Galvanized Poles
The orders have been placed through contractors executing power distribution projects for the respective utilities and government agencies. Delivery is scheduled over a period of one to four months and the contracts are expected to be fulfilled in the short term.
Shivam Pipes is an approved vendor with multiple electricity utilities across the north eastern states and supplies its poles under the XTech brand. The company holds registrations under RDSS and other procurement frameworks and is already supplying products to recognised government agencies and utilities. It reports a present production capacity of 36,000 tonne (t) per annum, which supports fulfilment of short to medium term orders.
Company management indicated that securing these orders reflects the benefits of its empanelment and approvals with key utilities and enhances its position in the regional power infrastructure segment. Management added that the company is well placed to pursue further opportunities arising from government investment in transmission and distribution. They noted that, with continued governmental focus on electrification including under RDSS, demand for galvanized steel tubular poles is expected to remain strong.
KD Green Industries Limited, earlier known as Manbro Industries Limited, operates through businesses that include manufacture of autoclaved aerated concrete blocks under the Green AAC Block brand and pipes and poles under the XTech brand, and it is establishing steel fabrication capability for infrastructure projects. The group is described as an integrated infrastructure and building materials manufacturing conglomerate with interests in steel, infrastructure and sustainable solutions. The company has notified the market of the order wins through a filing to the stock exchange.