M&B Engineering Secures INR 73 Crore Domestic Order
Filing Summary
M&B Engineering Ltd, along with its wholly owned subsidiary, has secured a domestic order valued at **INR 73 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 five months. The order includes an erection component worth **INR 10 Crores** plus GST, managed by the subsidiary, M/s. Phenix Building Solutions Private Limited. The company confirmed that there is no related party transaction involved in this order.
M&B Engineering Ltd has announced the receipt of a domestic order valued at INR 73 Crores plus GST. The order was secured in collaboration with its wholly owned subsidiary, M/s. Phenix Building Solutions Private Limited. This order involves the design, engineering, manufacturing, and supply of pre-engineered buildings and structural steel. The execution period for the contract is set at five months.
The order includes an erection component amounting to INR 10 Crores plus GST, which will be handled by the subsidiary. The company has not disclosed the name of the entity awarding the contract due to confidentiality agreements. The terms and conditions of the order include advance payments and other standard contractual terms.
M&B Engineering confirmed that the order was awarded by a domestic entity and does not involve any related party transactions. The company also stated that neither the promoter nor the promoter group has any interest in the entity that awarded the order.
M&B Engineering Ltd specializes in the design and manufacture of pre-engineered buildings and structural steel. The company focuses on expanding its domestic market presence and enhancing its engineering capabilities through strategic collaborations and subsidiary operations.