Shares of M&B Engineering Ltd. (NSE: MBEL) gained over 4% in early trade after the company announced securing a ₹98 crore domestic order for the design, engineering, manufacturing, supply, and erection of a Pre-Engineered Steel Building.
According to the company’s filing with the exchanges, the project will be executed within six months and includes a 15% advance payment clause, with other standard commercial terms in place. While the client’s name remains undisclosed due to confidentiality, the company clarified that the deal is entirely domestic in nature and not a related-party transaction.
This contract adds to M&B Engineering’s growing order book and underscores its strong positioning in the infrastructure and pre-engineered steel structure segment, particularly as India’s industrial construction demand continues to accelerate.
At the time of writing, MBEL shares were trading up 4.1% at ₹172.60, compared to the previous close of ₹165.85.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors are advised to conduct independent research or consult financial professionals before making investment decisions.