Alphavalue ups Italy's Danieli to 'add' on sizeable India order

Danieli & C Officine Meccaniche SpA

17/12/2025 09:31

** Alphavalue upgrades Danieli DANI.MI to "add" from "reduce", citing the recent 500-million-euro ($585 million) order in India and the Italian iron and steel group's strong market position

** Danieli's shares hit a record high on December 12 after it was chosen by the largest public steelmaker in India, Steel Authority of India Limited, for the supply of parts for IISCO Steel Plant in Burnpur

** The brokerage says Danieli is well-placed in the concentrated plant-making market to benefit from steelmakers’ investments, driven by the push for a faster green transition

** It says Danieli's case "definitely remains worth a look at" and highlights upside potential given the company's "very conservative" FY25/26 guidance

** Alphavalue also notes the group’s order backlog has risen steadily in recent years, from 3.5 billion euros in 2021 to 5.4 billion euros in June 2025

    ** Up to the previous session's close, Danieli shares were up 108%​ YTD - LSEG data

($1 = 0.8542 euros)

(Reporting by Mirko Miorelli)

((Mirko.miorelli@thomsonreuters.com))