🧯 Samay Project Services IPO: Firefighting Systems, Piping Profits, and One Very Literal Balance of Plant

⚡ At a Glance

Samay Project Services, born in 2001, is a low-profile but high-precision EPC firm working on piping, tanks, and industrial fire systems across steel plants, ports, distilleries, and more. With a 2x order book, 29.8% ROCE, and a modest ₹52 Cr valuation, it’s small — but definitely not superficial.

1. 🏗️ What Does Samay Actually Build?

Samay isn’t a civil contractor laying highways or highrises.

They’re balance-of-plant (BOP) engineers — the unsung heroes behind complex industrial infrastructure like:

• High-pressure steam pipelines
• Cross-country hydrocarbon lines
• Giant fluid tanks
• Steel structures
• 🔥 And industrial fire suppression systems that could humble an airport hangar

They work across sectors like Power, Steel, Sugar, Mining, Infra, Pharma — but are rarely the face of the project.

Think of them as backstage engineers with a welding torch, not a mic.

2. 🔩 The Service Portfolio – Engineering with Fire

Here’s what’s on the Samay service menu:

🔧 a) Piping Systems