M and B Engineering bags domestic order worth Rs 47.66 Cr plus GST
MBEL · price
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On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 3.9 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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M and B Engineering, along with its wholly owned subsidiary Phenix Building Solutions, has secured a domestic order worth Rs 47.66 Crores plus GST. The work covers design, engineering, manufacturing and supply of Pre-Engineered Building and Structural Steel, to be executed in about 5 months. Around Rs 7.09 Crores of the value is an erection order handled by the subsidiary. Customer name is withheld for confidentiality.
Strengthens order book and adds near-term revenue visibility over the next 5 months from domestic business.