India, Oct. 10 -- M & B Engineering Ltd announced that it has received a significant domestic order worth Rs 98 crore (plus taxes) for the design, engineering, manufacturing, supply, and erection of a pre-engineered steel building.
The project, which is scheduled to be completed within six months, includes a 15% advance payment along with other standard contractual terms and conditions.
While the company did not disclose the name of the customer citing confidentiality, it confirmed that the order was awarded by a domestic entity. M & B Engineering also clarified that neither its promoters nor group companies have any interest in the awarding entity and that the order does not fall under related party transactions.
Published by HT Digital...