NewMalayalam Steel Secures Major Domestic Orders, Strengthens Market Position

NewMalayalam Steel Limited (NSE: NMSTEEL) has received significant orders for galvanized steel products, totaling Rs13.85 Cr over the past week. This surge in demand aligns with the company's strategic growth initiatives, solidifying its market presence and client relationships.

In a significant business development, NewMalayalam Steel Limited (NSE: NMSTEEL) has successfully secured a series of orders for its galvanised steel products from various domestic companies within the past week. These orders, amounting to Rs13.85 Cr, underline the company's growing market influence.

Among the notable transactions, an order dated January 2, 2025, involved a request for 450 MT of Demac GP Pipes and Tubes with a value of Rs3.22 Cr. This order was placed by Global Trade Links, Aashico Ventures LLP, Kunnath Steels, and National Steel Distributors. Prior to this, on December 30, 2024, a similar product order for 500 MT valued at Rs3.57 Cr was made by entities including Viswas Steels and Christ Marketing, all based in Kerala.

Commenting on these developments, Vazhappily Davis Varghese, Managing Director of NewMalayalam Steel, expressed enthusiasm over the newly forged partnerships. He stated, 'Our focus remains on ensuring timely delivery and nurturing strong, long-term relationships with all our stakeholders.' The continued demand indicates a positive growth trajectory for NewMalayalam Steel, as it capitalizes on emerging market opportunities.

(With inputs from agencies.)