M&B Engineering Gains 1.72% After It Secures ₹212 Crore Export Order from USA

Ahmedabad, October 17: M&B Engineering Limited share price is on the rise today, on October 17. As of 11:30 AM, the share price is up by 1.72%, or 7.40 points, and is currently trading at ₹438.30. Until now, the shares have traded within a range of ₹445.95 and ₹430.85. The current traded volume stands at 5.45 lakh shares, with the company’s market cap at ₹2,463 crore. The shares have their 52-week high at ₹494 and their 52-week low at ₹364.

Key Trigger: ₹212 Crore Export Order from USA

The rise in the share price comes after the company announced that its wholly owned US subsidiary, Phenix Construction Technologies Inc., has secured a major export order worth USD 24.14 million (approximately ₹212 crore plus sales tax). The order is for the design, engineering, manufacturing, and supply of pre-engineered buildings and structural steel to a customer in the United States. The duration for the project is 39 weeks, and the company has received 10% of the total amount as an advance payment.

Joint Managing Director Chirag H. Patel stated, “The order reinforces M&B Engineering’s growing international reach and its proven capability to deliver large-scale structural steel projects globally.”

M&B Engineering Limited is an Indian company that is engaged in the construction and maintenance of roads and highways. It was established in 1999 and is headquartered in Ahmedabad, Gujarat. The shares of the company are listed on NSE with the ticker symbol MBEL and on BSE with the code 544470.

REF: https://nsearchives.nseindia.com/corporate/MBENG_17102025092337_Order_Imtimation.pdf

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