Shree Marutinandan Tubes544083Major contract win
Receives work order worth approx Rs. 0.3038 crore for pipe & sanitary fixtures in Nagpur
Work order received from GS PEB & Civil Works Pvt Ltd for supply and installation of pipe & sanitary fixtures at a Nagpur project site.
By ScoutQuest · · 2 min read
60%Share of payment against material delivery
- Work Order Value
- approx Rs. 0.3038 crore (Rs. 30,38,340), exclusive of GST
- Order Validity
- Valid up to 16th April, 2027
- Payment Terms
- 30 days; no advance payment; 60% against material delivery within 10 days of bill submission
Work order details
- The company has received a Work Order from GS PEB & Civil Works Private Limited for the supply and installation of pipe & sanitary fixtures at its project site at Village Gondakhairi, Ketapur, Taluka Kalameshwar, Nagpur, Maharashtra.
- The Work Order was received on 17th October, 2026 at 3:11 P.M., and is numbered WOD261090052 dated 16th October, 2026.
- Scope: supply and installation as per approved specifications and makes, complete in all respects, on a lump sum basis.
- Value: approx Rs. 0.3038 Crore (Rs. 30,38,340/-) exclusive of GST.
- The order is in the ordinary course of business, is from a domestic entity, and is not a related party transaction. The promoter, promoter group and group companies have no interest in the awarding entity.
Payment and execution terms
- Payment terms: 30 days; no advance payment.
- 60% against material delivery within 10 days of bill submission, and the balance as per site installation progress.
- Retention as per the Work Order, to be released after completion of the Defect Liability Period of 12 months.
- GST payable extra as applicable; TDS deductible as per prevailing norms.
- All machinery, tools, manpower, safety compliance and insurances are in the Company's scope.
- Execution is as per a schedule to be finalised at site; the Work Order is valid up to 16th April, 2027.
What this tells an investor
- This is an order-win disclosure: the company has formally reported receiving a work order with a defined value, scope and validity period.
- The value, about Rs. 0.3038 crore exclusive of GST, is stated both in crore and in rupees, so the two can be reviewed against each other.
- The payment structure is milestone-linked, with no advance: part of the money comes against material delivery and the rest as installation progresses on site. A retention portion is held back until the 12-month Defect Liability Period ends.
- Because the work involves supply plus installation and covers manpower, machinery, safety and insurance, the company carries the execution responsibility, not just the supply.
- The order is described as being in the ordinary course of business and not a related party transaction, so it is a commercial contract with an outside party rather than a transaction with promoter-linked entities.
Also from Shree Marutinandan Tubes
Certificate of Incorporation received for change of company name, effective 1st October, 2026
8 Oct 2026
More numbers
- Order value (crore)Rs. 0.3038 Crore
- Order value (rupees)Rs. 30,38,340/-
- Share of payment against material delivery60%
- Payment term30 days
- Bill submission window for material delivery payment10 days
- Defect Liability Period12 months
Source: BSE · 17 Oct 2026
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