Abha Power and Steel Secures New Contract from EPC Company; Order Book Stands at ₹ 21.50 Cr
Abha Power and Steel Limited has secured a new order worth ₹ 2,73,83,552/- from a reputable Engineering, Procurement, and Construction (EPC) company. The contract involves the supply of castings on a monthly basis, demonstrating the company's consistent growth trajectory in the industrial market.As of June 15, 2026, the order book for Abha Power and Steel stands at approximately ₹ 21.50 Cr, highlighting the company’s strong presence within relevant sectors. The successful contract acquisition reinforces its efforts to expand market share across various industries.
Details regarding the awarded contract are as follows:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Reputed EPC (Engineering, Procurement, and Construction) Company |
| Nature of Order | Supply of Goods (Castings) |
| Commercial Consideration | ₹ 2,73,83,552/- |
| Execution Period | Monthly basis |
The company specializes in serving diverse sectors including Indian Railways, steel manufacturing, cement, heavy engineering, mining, and power. Abha Power and Steel maintains a global reach, exporting products to over six countries, which include the UAE, Qatar, Germany, Canada, Italy, Netherlands, and Nepal.
Operational History and Sustainability
Since its inception in 2004 as a steel ingot and billet manufacturing plant in Hardikala, Bilaspur, Chhattisgarh, Abha Power and Steel Limited has undergone significant expansion and transformation. In 2009, the company expanded by establishing a spheroidal graphite iron foundry specifically to serve Indian Railways. This industrial capacity was further upgraded in 2016 when the ingot plant transitioned into a dedicated steel foundry.
Currently, the company operates two foundries—SG iron and steel—within its 319,200 square-foot ISO 9001:2015 certified manufacturing facility located at the Silpahri Industrial Area in Bilaspur.
A key part of the company’s commitment to environmental stewardship is its captive solar power plant, which possesses a capacity of 3 MW. This installation contributes to saving 3400 MT of CO2 annually. Abha Power and Steel aims to become a green manufacturer of castings while maintaining quality, safety, value, and price competitiveness across domestic and international markets.
ABHAPOWER Stock Price Movement
Shares of Abha Power and Steel Limited are slipping by 1.41% in live trading, currently at ₹27.90 as of 12:36 PM. The equity continues to trade under selling pressure, shedding ₹0.40 as the stock progresses through its session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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