Bajaj Steel Industries has bagged an order worth $5.03 million from a foreign client for cotton ginning and processing machines. This includes design, manufacture, supply and installation of machinery, spare parts, electrical panels and pre-fabricated structures.
Key Highlights:
- Timeframe: 6-9 months
- Products: Cotton processing machines, steel structures, electrical panels, heavy equipment
- Financials: Net profit up by 36.42% at Rs 137.1 million; Revenue up by 9.69% at Rs 1.38 billion
- Stock: Bajaj Steel shares down 1.22% at Rs 730.40 on BSE
This order will help Bajaj Steel to expand its international presence and showcase its expertise in cotton ginning.