Announced Thu, 30 Apr · 16:21 IST
M&B Engineering bags INR 71.95 Cr domestic order for steel structures
Business Updates View source PDF
MBEL · price
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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹330.30
prior close
₹335.00
base price
After-mkt
timing
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+1.0+1.8+2.7+1.9+0.7-2.5-0.9-2.3-1.6-9.8-6.3-14.5+0.8—
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AI summary
M&B Engineering, along with its wholly owned subsidiary Phenix Building Solutions, secured a domestic order worth INR 71.95 Crores + GST for design, engineering, manufacturing and supply of pre-engineered buildings and structural steel. The order includes an INR 14.32 Crores erection portion for the subsidiary. Execution timeline is 7.5 months. Customer name is not disclosed due to confidentiality. No promoter or related party interest in the awarding entity.
Likely market impact
Adds INR 71.95 Cr to order book, boosting near-term revenue visibility over 7.5 months.