Atam Valves Limited (NSE:ATAM) announced that it has successfully cleared the first Audit Stage (Q1 Certification) conducted by the American Petroleum Institute (API), a globally recognized benchmark for quality and manufacturing excellence in the oil, gas, and process industries.
Following the successful recommendation by the API auditors, the Company is now in the final stage of addressing a few procedural observations raised during the audit. This process is expected to conclude within the next 6-8 weeks, after which the formal API certification is anticipated by February 2026.
Speaking on the development, Mr. Amit Jain, Managing Director at Atam Valves Ltd, commented, "The journey toward API certification has tested our patience and perseverance in every sense. The auditor's clear recommendation in favour of Atam has been a big turning point for us. All prior areas of concern have now been fully addressed, leaving only a straightforward, time-bound process of final documentation and closure. For us, last two years have been a period of introspection, learning, and strengthening our foundations. Each audit round, every observation, and every document trail has made us sharper, more disciplined, and ready for the global stage. Today, to have our auditor recommend Atam for certification feels like a strong vindication of all that hard work. There is no denying that the journey has taken significantly longer than we, and our investors, had originally anticipated. The delay has been substantial, and we fully understand the disappointment it has caused. Yet, this very process has fortified our systems, discipline, and global readiness. With the final audit phase set to conclude positively, our focus shifts decisively from uncertainty to execution."
"Commercially, API certification will unlock tangible revenue streams as we onboard qualified customers and projects," Mr. Jain continued. "We will start getting meaningful traction from API-related business by the end of FY27, coinciding with capacity ramp-up and trials converting to orders. Coupled with our planned expansion into larger valves up to 72 inches, Atam is now positioned to capture high-value opportunities in oil & gas, petrochemicals, and infrastructure with clarity, conviction, and the knowledge that the most challenging phase is firmly behind us."
In parallel, Atam Valves has been preparing for the next phase of production expansion. The company has identified and planned new machinery capable of manufacturing large-radius industrial valves up to 72 inches, compared to the current 12-inch capacity, with readiness to serve more complex, high-pressure sectors including oil & gas, petrochemicals, and large-scale infrastructure.
Shares of Atam Valves Ltd was last trading in BSE at Rs. 83.03 as compared to the previous close of Rs. 82.72. The total number of shares traded during the day was 313 in over 29 trades.
The stock hit an intraday high of Rs. 84.17 and intraday low of 82.72. The net turnover during the day was Rs. 26028.00.