MWL empaneled as approved vendor by Abu Dhabi National Oil Company

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MWL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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-0.9%1-day move

₹38.35

prior close

₹38.06

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AI summary

Mangalam Worldwide (MWL) has been empaneled as an approved vendor by Abu Dhabi National Oil Company (ADNOC). MWL-Tubicore is now among selected global companies eligible to supply tubes to ADNOC. This validates MWL's quality standards and global manufacturing capabilities. Earlier this financial year, MWL received similar approvals from Qatar Energy, BHEL, EIL and GSFC. MWL is a fully integrated stainless steel maker with around 1,90,000 MTPA capacity across four Gujarat plants and over 750 employees.

Likely market impact

Positive - opens access to ADNOC's global oil and gas supply chain, strengthens international growth and export prospects.