Synopsis:Manbro Industries Ltd, through its subsidiary Shivam Pipes, has secured a new government order worth Rs. 9.06 crore for the supply of galvanized steel tubular electric poles to Meghalaya Power Distribution Corporation Ltd (MePDCL). Following the announcement, the stock remained in focus as investors tracked the company’s growing presence in the power infrastructure and rural electrification segment.
Manbro Industries, formerly known as Unimode Overseas Ltd, operates in the steel products and infrastructure solutions segment through its subsidiary Shivam Pipes. The company manufactures galvanized steel tubular poles and steel pipes under the “Xtech” brand. Its products are widely used across electricity transmission, rural electrification, and government infrastructure projects.
Manbro Industries currently has a market capitalization of around Rs. 398 crore, while the stock trades near Rs. 68.6 up by 0.35% compared to its previous close of Rs. 68.16. The stock has touched a 52-week high of Rs. 99.4 and a low of Rs. 36.4. The company trades at a P/E ratio of 286 and has reported ROCE of 3.37% and ROE of 3.45%. Manbro Industries’ book value currently stands at Rs. 7.41 per share.
Shivam Pipes, a subsidiary of Manbro Industries, secured a single order worth approximately Rs. 9.06 crore from Meghalaya Power Distribution Corporation Ltd (MePDCL) for the supply of galvanized steel tubular electric poles.
The order has been awarded under the Revamped Distribution Sector Scheme (RDSS), which focuses on strengthening India’s electricity distribution infrastructure. The company stated that the execution and delivery timeline for the project is expected to be completed by June 2026.
According to the management, Shivam Pipes is already an approved and registered vendor with multiple electricity utilities across North Eastern states under RDSS for supplying galvanized steel tubular electric poles under the “Xtech” brand.
The company also highlighted that increasing electrification projects, grid strengthening initiatives, and rural infrastructure development across North Eastern states are creating significant opportunities for future growth.
Industry Outlook
India’s consumer electronics and durable goods market continues to expand rapidly due to rising disposable income, premiumization, and increasing penetration of smart appliances. The Indian electronics manufacturing sector is projected to reach US$300 billion by FY26, while exports are expected to cross US$120 billion under the government’s manufacturing push.
Government initiatives like PLI schemes and rising investments from global brands such as Dixon, Voltas, and Haier are strengthening domestic manufacturing capabilities. India’s consumer durable market is also projected to grow at a double-digit CAGR over the next few years, supported by festive demand, rural penetration, and e-commerce expansion.
The Rs. 9.06 crore order win marks another positive development for Manbro Industries and its subsidiary Shivam Pipes as the company strengthens its position in the power infrastructure segment. With increasing participation in government electrification projects and expanding opportunities in North Eastern states
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