Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Intimation of Order for Supply of HDPE Pipes under PHED, Government of Rajasthan
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AIK Pipes and Polymers has bagged an order worth approximately Rs. 8.80 Crores from an AA-Class EPC contractor working under the Public Health Engineering Department (PHED), Government of Rajasthan. The order is for the manufacturing, testing, and supply of HDPE Pipes (IS4984 standard) for the Isarda-Dausa water supply project (Package-4). It is a one-time domestic supply order with no related-party interest from the company's promoters. Execution is expected within approximately 4-5 months. The announcement is filed under SEBI Regulation 30 disclosure norms.
This government-backed order strengthens the company's order book in the Rajasthan water infrastructure segment and provides near-term revenue visibility over the next 4-5 months. For a small-cap pipe manufacturer, winning a PHED-backed project adds credibility, though the order size is moderate and execution risk remains tied to the EPC contractor's project timeline.