Core Announcement – Order Details
Awarding Entity: Not Specified
Domestic/International Order: International Order (USA)
Nature of Order/Contract:
Supply of High-Frequency Induction Welded (HFIW) pipes. Described as the largest order in the company's history in terms of volume, length, and value.
Order Value:
USD 412.5 million (approximately ₹4,000 crore)
Materiality Context:
Described as "largest-ever order" and "record" order. Reinforces the company's long-term strategy of expanding global manufacturing capacity and deepening relationships with marquee international clients.
Execution Timeline:
The order will be executed during FY28 and FY29.
Manufacturing Location:
Pipes will be manufactured at the company's newly upgraded HFIW mill with enhanced capabilities at Little Rock, USA.
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: Not Specified
Promoter Group Involvement: Not Specified
Financial Implication:
With this order, the company's global order book stands at a record USD 4.7 billion (approximately ₹45,000 crore), the highest in its history.