Receives three fresh HDPE pipe orders worth ₹50.99 crore; first lot clears joint inspection

Three fresh orders for HDPE pipes worth ₹50.99 crore (excluding GST), about 26% of FY 2025-26 revenue from operations of ₹198.13 crore.

Fri 9 Oct 2026

Order Value

₹50.99 crore (excluding GST)

Share of FY 2025-26 Revenue

about 26% of FY 2025-26 revenue from operations of ₹198.13 crore

First Lot Released

42,405 metres (about ₹9.70 crore) released for dispatch after joint inspection

What was announced

Shree TNB Polymers Limited, a maker of HDPE, DWC and conduit pipes under the "NOBLE" brand, has received three fresh orders for supply of HDPE pressure pipes aggregating ₹50.99 crore (excluding GST), under purchase orders dated September 19, 23 and 26, 2026. The orders are described as equal to about 26% of the company's revenue from operations of ₹198.13 crore for FY 2025-26. All figures are exclusive of GST.

First lot cleared joint inspection

The first lot under the ₹25.48 crore order dated September 19, 2026 has cleared a joint inspection by officials of the Narmada, Water Resources, Water Supply and Kalpsar Department, Government of Gujarat, held on October 05 and 06, 2026. Following the inspection, 42,405 metres of PE-100 HDPE pressure pipes, valued at about ₹9.70 crore (₹969.51 lakh), have been approved and released for dispatch. All offered lots were tested against IS 4984:2016 and the approved Quality Assurance Plan and were found to conform.

Order-wise details

• Order dated September 19, 2026, from a domestic infrastructure contractor: ₹2,548.02 lakh for 93,045 metres of PE-100 HDPE pipes (PN-6 and PN-10, 315 mm to 630 mm), for a tank connection pipeline project with three years of operation and maintenance of the Narmada, Water Resources, Water Supply and Kalpsar Department, Government of Gujarat, in Banaskantha district.
• Order dated September 23, 2026, from a domestic distributor: ₹190.87 lakh for 15,726 metres of HDPE pipes (140 mm to 315 mm); end-use is a power distribution project of Adani Electricity Mumbai Limited.
• Order dated September 26, 2026, from a domestic distributor: ₹2,359.73 lakh for 1,46,802 metres of HDPE pipes (140 mm to 315 mm); end-use is a power distribution project of Tata Power.

The two distributor orders together add up to ₹25.51 crore and 1,62,528 metres. In the case of both, the order has been placed by the distributor, with Adani Electricity Mumbai Limited and Tata Power being the end-clients for the respective projects.

Timelines

• Order 1: first lot by October 30, 2026; balance by December 30, 2026.
• Orders 2 and 3: immediate.
• Overall execution of the fresh orders is scheduled to be completed by December 2026.

Other stated details

The orders are domestic. For each of the three orders, the update states that promoter, promoter group or group companies have no interest in the entity awarding the order, and that the order does not fall within related party transactions.

What a retail investor can track

• Dispatch progress of the remaining quantity under each order, since part of the revenue recognition depends on execution.
• The two end-use segments here — water supply and power distribution infrastructure — are described by the company as core growth areas for its HDPE pipe business.

In the company's words

Chairman and Whole Time Director Mr. Vijay Jaysukhlal Thosani said the fresh orders of over ₹50 crore, equal to more than a quarter of last year's revenue, come from water supply and power distribution infrastructure, core growth areas for the HDPE pipe business. Clearing a Government joint inspection and releasing the first 42 km of pipes within three weeks of the order, he said, reflects the quality of the products and readiness to execute, and the orders give good revenue visibility for the current financial year.

The press release notes that it may contain forward-looking statements based on current expectations, and that actual results may differ materially due to risks and uncertainties, including demand conditions, raw material prices and execution timelines.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.