Tata-Group Backed Engineering Company Receives Order of Rs 13.20 Crore from Mota Bhai’s Reliance Industries Ltd
Kiran DSIJCategories: Multibaggers, Trending
The stock is up by 14.12 per cent from its 52-week low of Rs 125.30 per share and has given multibagger returns of 333 per cent in 5 years.
Artson Limited (formerly Artson Engineering Limited) has secured a domestic Letter of Commitment from Reliance Industries Limited (RIL) for the supply of three storage tanks, valued at Rs 13.20 crore (excluding Taxes). This lump-sum contract mandates a Construction and delivery timeline of six months per tank, calculated from their respective handover dates. The award underscores Artson’s ongoing role in providing critical infrastructure components for major domestic industrial players, ensuring high-scale storage solutions under a defined technical and temporal framework.
Artson Engineering Limited has announced a significant expansion of a domestic purchase order from its holding company, Tata Projects Limited (TPL), increasing the contract value from Rs 6.47 crore to Rs 11.09 crore. Executed on February 17, 2026, this amendment adds Rs 4.62 crore for the supply of finished structures under an item-rate model, with a target completion timeline of four months. Although classified as a Related Party Transaction due to TPL’s promoter status, the company confirmed the deal was conducted at arm’s length and in the ordinary course of business, ensuring regulatory transparency for the structural supply services
About the Company
Artson Limited (a Tata Enterprise), is a Company established itself over the last 4 decades into engineering, manufacturing, and construction and in ship building, with expertise and experience in into Design and Manufacturing of Process Plant Equipment like the Pressure Vessels, Heat Exchangers, modular fabrication, and construction of industrial projects in various sectors like Oil & Gas, Infrastructure etc.
The company has a market cap of over Rs 500 crore and 75 per cent stake is owned by the Tata Group. The stock is up by 14.12 per cent from its 52-week low of Rs 125.30 per share and has given multibagger returns of 333 per cent in 5 years.
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Add NowDisclaimer: The article is for informational purposes only and not investment advice.