M&B Engineering Secures INR 63.50 Crore Domestic Order
Filing Summary
M&B Engineering Ltd., along with its wholly owned subsidiary, has secured a domestic order valued at INR 63.50 Crores plus GST. The order involves the design, manufacturing, and supply of pre-engineered buildings and structural steel. The contract is expected to be executed within 8.5 months. The order includes an erection component amounting to INR 12.34 Crores plus GST, which will be managed by the subsidiary, M/s. Phenix Building Solutions Private Limited. The order does not involve any related party transactions, and the customer’s identity remains confidential.
M&B Engineering Ltd. has informed the exchange that it has secured a significant domestic order in collaboration with its wholly owned subsidiary. The order is for the design, manufacturing, and supply of pre-engineered buildings and structural steel. The total value of the order is INR 63.50 Crores plus GST.
The order includes an erection component valued at INR 12.34 Crores plus GST. This portion of the contract will be executed by M&B Engineering’s wholly owned subsidiary, M/s. Phenix Building Solutions Private Limited. The contract is expected to be completed within a timeframe of 8.5 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 confidential due to confidentiality agreements.
There is no involvement of the promoter or promoter group in the entity awarding the order, and the transaction does not qualify as a related party transaction. The company has complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in disclosing this information.
M&B Engineering Ltd. focuses on providing engineering solutions, particularly in the design and supply of pre-engineered buildings and structural steel. The company continues to expand its portfolio by securing significant contracts in the domestic market, enhancing its position in the engineering sector.