Mazda secures order from Siemens for Rs 36.30 million

Mazda Ltd has announced that the Company secured an order from the world renowned Siemens Ltd., amounting to Rs 36.30 million. This order is for High Pressure & Low Pressure Heaters, which are used in Power Generation Industry. This technology of manufacturing of HP & LP Heaters is being developed by the in-house research and development of the Company and with assistance from Croll Reynolds of USA with whom the Company has a strategic tie-up and Croll Reynolds of USA has about 12% stake in the Company.

The Company has successfully commissioned many such equipments which are critical for Power Generation. With the Power Industry showing a robust growth, the Company expects many more such orders, which will boost the Company's top line as well as bottom line.

The Company has large group of client like Reliance Industries Ltd., Reliance Petroleum Ltd., United Phosphorus Ltd., Torrent Bio-Chem Ltd., BHEL, Cadila Pharmaceuticals Ltd., Grasim Industries, Gujarat State Fertilizers & Chemicals Ltd., Hindustan Petroleum Corp. Ltd.,(HPCL), Indian Oil Corporation Ltd.,(IOC), Indian Petro Chemicals Ltd.,(IPCL), Alfa Laval (India) Ltd., Siemens Ltd., Trieveni Engineering & Industries Ltd., Gujarat Heavy Chemicals Ltd.(GHCL), Aurobindo Pharma Ltd., Atul Ltd., Ballarpur Industries Ltd., Larsen & Toubro Ltd., Lupin Ltd., Mangalore Refinery & Petrochemicals Ltd.,(MRPL), Nuclear Power Corporation Ltd., etc. Presently, the Company's foreign clientele includes Alfa Laval Equipments Ltd. - Brazil, APV Asia Pte Ltd. - Singapore, BASF Petronnas - Malaysia,, Bachtel Ltd., - Saudi Arabia, Colgate Palmoline - Italy, European Space Agency - Italy, IDE Technologies Ltd. - Israel, Ministry of Oil & Gas Industry - Turkmenistan, Nepal Lever Ltd. - Nepal, Siemens Ltd., - Indonesia etc.

Source : Equity Bulls

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