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Artson jumps on Rs 16 crore Tata Steel order
11-Nov-2026 | 11:53
Artson jumped 4.38% to Rs 153.65 after the company secured a purchase order worth Rs 16.07 crore, excluding GST, from Tata Steel, Jamshedpur.
The order covers the supply of two dome and reformer shells. It is an item-rate contract and is scheduled for execution by 6 May 2027.
Artson disclosed that the promoter group has an interest in the awarding entity, which is a subsidiary of the company's ultimate holding company. The order qualifies as a related-party transaction and will be executed on an arm's-length basis.
Artson supplies equipment, steel structure and site services for mechanical works.
On a standalone basis, Artson reported net profit of Rs 2.01 crore in Q2 September 2026 as against net loss of Rs 2.24 crore in Q2 September 2025. Net sales declined 19.62% year-on-year to Rs 38.68 crore in Q2 September 2026.
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