Rs 150 crore order in hand: Heavy engineering machinery has received a domestic order worth about Rs 48 crore
The stock is up over 70 per cent from its 52-week low of Rs 188 per share.
Diffusion Engineers Limited announced the receipt of a significant domestic order valued at approximately Rs 48 crore. This order is for the supply of High-Pressure Grinding Rolls (HPGRs) specifically for the cement industry. The delivery of these HPGRs is scheduled to occur over the next 11 months. This contract was awarded by a domestic client, reinforcing our presence in the Indian market.
Diffusion Engineers Ltd (DEL), established in 1982, is a diversified engineering company specialising in welding consumables, wear plates and parts and heavy engineering machinery. DEL provides a range of welding solutions, including special-purpose electrodes and flux-cored wires, along with reconditioning and repair services for critical industrial equipment across sectors like cement, power and steel. Their product portfolio extends to manufacturing wear plates and parts and heavy machinery such as plasma cutting machines, air separators, High-Pressure Grinding Rollers, FD fans, mill bodies and RAPH rotors.
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The company has a market cap of Rs 1,140 crore and including the above order, the company has an order in hand worth Rs 150 crore with a good profit growth of 26.5 per cent CAGR over last 5 years. The stock is up over 70 per cent from its 52-week low of Rs 188 per share.
Disclaimer: The article is for informational purposes only and not investment advice.