Mazda secures order from Inertia Iron & Steel for Rs 5.90 mn

Mazda Ltd has announced that the Company has bagged an order from Inertia Iron & Steel amounting to Rs 5.90 minion. This order is for Steam Jet Booster Injector Vacuum System for vacuum degassing of steel. This is an indigenously developed technology for vacuum degassing of steel developed by the in-house research and development of the company. This is a process of purifying steel for making of alloy steel which has got a wide variety of uses.

Presently, the Company has orders amounting to about Rs 17.00 million for this product from various companies. The Company is one of the few manufactures of this specialty product in India, and hence it expects good growth in this line of product.

Source : Equity Bulls

Keywords