The contract involves the manufacturing and supply of 15 vessels, tanks and drums and is to be executed in two phases, with the first phase scheduled for completion by June 2027 and the second phase by March 2028.

The company said the order has been awarded by a domestic entity and is an item-rate contract.

Artson clarified that neither its promoters nor promoter group entities have any interest in the awarding company. The order does not fall under related-party transactions, it added.

Artson (formerly known as Artson Engineering) is a design, engineering, procurement, and construction company in the oil, gas, and hydrocarbon processing industry. It is specialized in tankages, piping, and other mechanical packages. The company is also engaged in structural fabrication works and has two manufacturing facilities, one each in Nashik and Nagpur.

Artson reported that its standalone net profit surged 460% to Rs 3.36 crore despite a 24.40% decline in revenue from operations to Rs 38.75 crore in Q4 FY26 over Q4 FY25.

Shares of Artson jumped 4.85% to end at Rs 164.40 on the