M&B Engineering Secures USD 7.53M Export Order in USA

M&B Engineering Ltd has announced that its wholly owned subsidiary, Phenix Construction Technologies INC., USA, has secured a significant export order. The order is for the design, manufacturing, and supply of pre-engineered building and structural steel to a customer in the USA. The total value of the order is approximately USD 7.53 million, which is equivalent to INR 67.12 crores.

The project is scheduled to be completed within a timeframe of 3.5 months. The terms of the contract include a 30% advance payment along with other standard conditions. The identity of the customer awarding the order remains undisclosed due to confidentiality agreements.

This transaction is classified as an international order, and it does not involve any related party transactions. There is no interest from the promoter or promoter group in the entity awarding the contract.

Phenix Construction Technologies INC. specializes in providing comprehensive solutions in the field of pre-engineered buildings and structural steel. The company focuses on delivering high-quality engineering and manufacturing services to its clients across various international markets.

M&B Engineering Ltd is engaged in the engineering and construction sector, focusing on the development and supply of pre-engineered buildings and structural steel solutions. The company aims to expand its international presence through strategic projects and collaborations, enhancing its portfolio in the global market.