Shree Marutinandan Tubes Ltd Secures Order from Mehta & Associates for Fire Fighting Systems at POWERGRID Kurnool Project
Shree Marutinandan Tubes Limited has secured a purchase order valued at ₹ 0.7617 Crore (Rs. 76,16,620/-) to execute fire fighting work for the POWERGRID Kurnool Transmission Limited project in Andhra Pradesh. The order was awarded by Mehta & Associates Fire Protection Systems Pvt Ltd on June 23, 2026.The contract involves the design, supply, testing, erection, and commissioning of a complete Hydrant System, a conventional Fire Detection & Alarm System, and a High Velocity Water Spray (HVWS) System at the POWERGRID Kurnool Transmission Limited site in Manukurthi Village, Adoni, Andhra Pradesh. The company confirmed that the order falls within its ordinary course of business and is domestic in nature.
The key terms stipulated in the purchase order include:
| Detail | Specification |
|---|---|
| Order Value | ₹ 0.7617 Crore (Rs. 76,16,620/-) including GST |
| Client Entity | Mehta & Associates Fire Protection Systems Pvt Ltd |
| Project Scope | Hydrant System, Fire Detection & Alarm System, and HVWS System installation |
| Delivery Deadline | December 30, 2026 |
The contract specifies a payment structure tied to project milestones. Payments are set as: 25% advance, 25% on dispatch, 25% upon completion of built up erection, and the remaining 25% after 30 days from invoice date. The purchase order also notes that freight and transportation are within the company's scope, and the order is subject to Ahmedabad jurisdiction.
Stock Price Movement
Shree Marutinandan Tubes Ltd settled at ₹67.00 on Tuesday after the shares edged higher by 4.69%. The stock was completely locked throughout the trading session, as the high and low remained identical.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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