Shree Marutinandan Tubes Ltd Wins ₹2.24 Crore Order from Value Fashion Retail Limited
Shree Marutinandan Tubes Limited has secured a significant contract from Value Fashion Retail Limited, an entity of the Arvind group. The order, awarded on June 22, 2026, involves the execution of comprehensive piping work for the client’s facility.The total value of the purchase order is Rs. 2,24,43,600/-, equivalent to ₹ 2.2444 Crore, which includes GST. Value Fashion Retail Limited issued Purchase Order No. 3500580671 for the work.
The project involves multiple types of piping required at the Arvind site. These include plumbing and compressed air piping work, as well as steam and condensate piping work. The order falls within the company’s ordinary course of business and is with a domestic entity.
Key contractual details outline the timeline and payment structure for the contract awarded to Shree Marutinandan Tubes Limited:
| Aspect | Detail |
|---|---|
| Contracting Entity | Value Fashion Retail Limited (Arvind group) |
| Order Value | Rs. 2,24,43,600/- (₹ 2.2444 Crore) |
| Delivery Date | July 23, 2026 |
| Warranty Period | 6 Months |
| Defect Liability Period (DLP) | 12 Months |
| Payment Terms | 95% payment within 30 days; 5% retention till the Defect Liability Period |
| Liquidated Damages | 0.5% per week, capped at a maximum of 5% of the contract value |
The agreement specifies that the work must be executed according to the terms and conditions stipulated in the underlying Purchase Order. The company confirmed that there is no interest from its promoter or promoter group companies in Value Fashion Retail Limited.
Stock Price Movement
Shree Marutinandan Tubes Ltd. shares settled at a flat ₹64.00 on Monday, marking zero percent movement for the stock over the trading session. The stability was evident as the company's stock traded completely flat, with both the intraday high and low remaining locked at ₹64.00.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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