Steamhouse India

Steamhouse India signed a Memorandum of Understanding with the Haryana Enterprises Promotion Centre of the Government of Haryana on October 27, 2026 to explore industrial infrastructure opportunities involving a proposed investment of ₹500 crore in the state. The framework provided for government facilitation to evaluate potential opportunities including community boiler infrastructure for industrial clusters. The company operated community boiler steam generation and pipeline distribution, with seven boilers totalling 345 tonnes per hour and about 60.2 kilometres of pipeline as of July 2026. It reported consolidated revenue of ₹491.51 crore in the year to March 2026, with about 90.7% from repeat customers. In September 2026 it was awarded a ₹311 crore engineering, procurement and construction plus operation and maintenance mandate for a 300 tonnes per hour common steam plant with 30 megawatt co-generation at the Bulk Drug Park at Una in Himachal Pradesh.

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** Shares of Steamhouse India STEO.NS rise 8% to 130.88 rupees

** 2.6 mln shares in STEO traded across four block deals on NSE at a premium ranging between 8.3% and 10% to prev close - data compiled by LSEG showed

** Overall trading vols over 14 mln shares so far

** STEO up ~38% since trading debut on Sept. 17

(Reporting by Vijay Malkar)

(([email protected];))

** Shares of newly-listed industrial gas utility company Steamhouse India STEO.NS jump 10% to 118.42 rupees, the highest since trading debut on September 17

** Stock records biggest pct jump so far

** Co reports 80.25% jump in Q1 net profit to 183.4 million rupees ($1.9 million), revenue from operations of 1.29 billion rupees vs 1.13 billion rupees year ago

** Co says it was able to maintain margins despite ongoing geopolitical uncertainties and increase in coal prices by passing on changes to customers

** Shares up 25.3% since debut

($1 = 96.3950 Indian rupees)

(Reporting by Saikeerthi in Bengaluru)

(([email protected]; (+91) 8296756080))

Steamhouse India was awarded a ₹311 crore contract by Himachal Pradesh Bulk Drug Park Infrastructure Limited for engineering, procurement and construction, commissioning and long-term operation and maintenance of a common steam and co-generation power plant at Bulk Drug Park, Una, Himachal Pradesh. The project covered a 300 TPH steam plant with indicative 30 MW co-generation capacity and associated distribution network, with construction over 24 months and operation and maintenance for 25 years thereafter on actual operating costs plus permitted markup and revenue-sharing from April 2032 to March 2052. The company operated seven boilers totalling 345 TPH through an owned pipeline network and reported revenue of ₹491.51 crore in FY26, with steam sales of ₹343.25 crore accounting for 69.84% of revenue. Utilisation stood at 41.51% in FY26 on distribution capacity of 256.98 lakh tonnes, alongside coal resale of ₹132.33 crore and a repeat-customer share of 90.72% across 202 customers.

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** Shares of Steamhouse India STEO.NS surge 26.1% to 102.23 rupees in market debut

** IPO opened at 94.50 rupees on NSE vs issue price of 81 rupees

** Industrial gas company's 4.14 bln-rupee ($43.2 mln) IPO opened for subscription last week, where investors bid for shares priced between 77 and 81 rupees

** Issue was subscribed 30.49 times, receiving bids worth up to 92.95 bln rupees

** IPO comprised fresh issue worth 3.53 bln rupees, while existing shareholders sold shares worth 610 mln rupees - prospectus

** Proceeds to be used for repayment of debt, fund capex for expansion projects and to set up a new manufacturing unit, per prospectus

($1 = 95.9175 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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