M&B Engineering Secures INR 47 Crore Domestic Order
Filing Summary
M&B Engineering Ltd, along with its wholly owned subsidiary, has received a domestic order valued at approximately INR 47.66 Crores plus GST. The order involves the design, engineering, manufacturing, and supply of pre-engineered buildings and structural steel. The execution period for this order is approximately five months. The order includes an erection component worth INR 7.09 Crores plus GST, assigned to the subsidiary, Phenix Building Solutions Private Limited. The order does not involve any related party transactions, and the customer’s identity remains confidential due to confidentiality agreements.
M&B Engineering Ltd has informed the stock exchanges about securing a domestic order in collaboration with its wholly owned subsidiary. The order is for the design, engineering, manufacturing, and supply of Pre-Engineered Building and Structural Steel. The total value of the order is approximately INR 47.66 Crores plus GST.
The order includes an erection component valued at INR 7.09 Crores plus GST, which will be executed by the subsidiary, Phenix Building Solutions Private Limited. The execution period for the entire order is approximately five months. The terms and conditions of the order include advance payments and other standard contractual terms.
The order has been awarded by a domestic entity, and the identity of the customer remains undisclosed due to confidentiality agreements. The company has confirmed that there is no interest from the promoter or promoter group in the entity awarding the order, and it does not constitute a related party transaction.
M&B Engineering Ltd focuses on providing engineering solutions, specializing in pre-engineered buildings and structural steel. The company aims to enhance its market presence through strategic collaborations and by securing significant contracts in the domestic market.