Order Win
Arfin India Receives ₹300 Crore Aluminium Supply Order from JFE Shoji India
NSE
ARFIN
BSE
539151
Arfin India Limited has received a domestic supply order from JFE Shoji India Private Limited for aluminium products including Primary Shots/Cubes, Secondary Aluminium Ingots and Secondary Aluminium Wire Rod. The order involves an aggregate quantity of 7,400 MT valued at approximately ₹300 crore (inclusive of GST), with supplies scheduled through September 2026.
PRICE-SENSITIVE TRIGGER
Event: Receipt of Aluminium Supply Order from JFE Shoji India Private Limited
Type: Order Win
Impact: Positive
Immediate Effect: The order strengthens Arfin India’s order book visibility, supports near-term revenue generation, and enhances business engagement with a subsidiary of Japan-based JFE Shoji Corporation.

Key Metrics:
- Order Value: Approximately ₹300 crore (inclusive of GST)
- Order Quantity: 7,400 MT
- Customer: JFE Shoji India Private Limited
- Execution Timeline: Up to September 2026
- Order Type: Domestic Supply Contract
- Products Covered: Primary Shots/Cubes, Secondary Aluminium Ingots, Secondary Aluminium Wire Rod
Highlight:
- Order Value: Approximately ₹300 Crore
What Happened ?
Arfin India Limited has received a purchase order from JFE Shoji India Private Limited for the supply of aluminium products.
The order covers Primary Shots/Cubes, Secondary Aluminium Ingots, and Secondary Aluminium Wire Rod. The contract involves an aggregate quantity of 7,400 MT and is valued at approximately ₹300 crore inclusive of GST.
The supplies are scheduled to be executed through September 2026.
Key Details
Order Details:
- Order awarded by JFE Shoji India Private Limited.
- JFE Shoji India is a domestic entity of JFE Shoji Corporation, Japan.
- Contract involves supply of multiple aluminium products.
- Aggregate order quantity stands at 7,400 MT.
- Total order value is approximately ₹300 crore inclusive of GST.
- Supplies are planned up to September 2026.
- The order has been classified as a domestic contract.
- No promoter, promoter group, or group company interest exists in the awarding entity.
- The transaction does not fall under related-party transactions.
Note:
- The order provides execution visibility over the coming months and reflects continued demand for Arfin India’s aluminium product portfolio from industrial customers.
Risk Analysis
Summary:
- While the order provides meaningful revenue visibility, execution remains dependent on production schedules, raw material availability, logistics management, and customer demand timelines.
Key Risks:
- Delays in production or dispatch schedules.
- Aluminium price volatility affecting operating margins.
- Supply-chain disruptions impacting raw material procurement.
- Customer scheduling changes affecting delivery timelines.
- Working capital requirements during order execution.
Worst Case:
- Unexpected operational disruptions, commodity price fluctuations, or customer-side changes could delay execution and affect the expected revenue realization from the order.
Worst Case: Low
Company Commentary
- The company has received an order from JFE Shoji India Private Limited for aluminium product supplies.
- Supplies will include Primary Shots/Cubes, Secondary Aluminium Ingots, and Secondary Aluminium Wire Rod.
- The order covers an aggregate quantity of 7,400 MT.
- Execution is scheduled through September 2026.
- Management confirmed that the transaction is not a related-party transaction.
Official Exchange Filing: Arfin India Limited


