Axis Solutions bags first DRI gas analyzer project, over USD 1M for German client
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Axis Solutions has entered a new segment of process gas analyzer systems for steel plants. It secured its first Direct Reduction of Iron (DRI) order worth over USD 1 million from a Germany-based EPC firm. The project covers sample handling systems integrated with analyzers for a facility in the UAE, delivered at Dubai. Goods ship CIF UAE from Ahmedabad. Management views this as a foothold in industrial instrumentation and expects more DRI plants in India. The company has 27 plus years in Oil and Gas, Water and Automation.
Entry into a new high value industrial segment with an international client. Positive for revenue diversification, though order size is modest.