Pursuant to terms of regulation 30 of SEBI (LODR) Regulations, 2015, a press release issued by the company titled - "Malpani Pipes Secures BSNL Certification for PLB Duct Pipes" is attached ....
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Awaiting price reaction for this filing.
Malpani Pipes has received certification from BSNL (a government telecom company) to manufacture Pre-Lubricated (PLB) Duct Pipes, which are used in laying optical fibre cable networks. Along with this approval, the company has bagged its first order to supply 242 kilometers of PLB Duct Pipes to BSNL, to be delivered over three months. This marks Malpani's entry into the telecom infrastructure space, adding a new revenue stream beyond its existing HDPE, MDPE, and drip/sprinkler pipe business. The company is based in Ratlam, Madhya Pradesh, and is listed on the BSE-SME platform (code: 544351). Management sees strong growth potential from government connectivity programs and private telecom infrastructure spending going forward.
Positive near-term impact as the BSNL certification and immediate order validate the company's product quality and open the door to India's telecom infrastructure opportunity. However, the order size (242 km over 3 months) appears modest, so the stock reaction will depend on whether more BSNL or telecom orders follow.