Shree Marutinandan Tubes Bags ₹2.24 Cr Order from Value Fashion Retail

Shree Marutinandan Tubes Ltd has secured a significant work order from Value Fashion Retail Limited, an entity within the Arvind group. The order, valued at approximately ₹2.2444 Crore (including GST), is for the execution of plumbing, compressed air, steam, and condensate piping work at the Arvind site. The project is scheduled for completion by July 23, 2026, followed by a 6-month warranty and a 12-month defect liability period. Key terms include DAP (Arvind Site) INCOTERM, with 95% payment within 30 days and 5% retention. Liquidated damages are capped at 5% of the contract value.