Anup Engineering Secures Over Rs.100 Crore in New Orders

Anup Engineering Ltd. has secured two major contracts valued at over Rs.100 crore, marking an achievement for the company. These orders focus on the manufacturing and supply of pressure vessels crafted from complex metallurgies—a specialized area where Anup Engineering has shown expertise in the past few years. About 90% of the order is tied to a project in the UAE, led by a leading European EPC (Engineering, Procurement, and Construction) contractor.

Metallurgy Focus 

These orders bring out Anup Engineering’s ability to handle challenging metallurgical requirements, a crucial factor in the production of pressure vessels for high demand industrial applications. The company, known for its broad portfolio, including heat exchangers, reactors, columns and towers, industrial centrifuges, and formed components, continues to mark its position in the industry.

Management’s Insight

Reginaldo D’souza, the Managing Director and CEO of Anup Engineering, highlighted the significance of these contracts, particularly the repeat business from prominent EPC firms. “Securing repeat orders from respected EPC companies for critical projects, especially involving such complex equipment and tight deadlines, speaks volumes about our capabilities,” D’souza stated.

He also mentioned that this order, along with their strong existing order book and an efficient pipeline, offers a clear path toward growth in FY25 and beyond. This aligns with Anup Engineering’s plans to strengthen its presence across various industries, including oil & gas, petrochemicals, LNG, fertilizers, chemicals, pharmaceuticals, power, water, paper & pulp, and aerospace.

Market Reaction

In response to this news, Anup Engineering’s stock saw around 3% rise, reaching  Rs.1,845 per share today. This was a notable increase compared to the 1.04% gain observed in the BSE Sensex, reflecting confidence among the investors.

Conclusion: In conclusion, Anup Engineering’s contract wins shows its growing role in the global market, particularly in projects requiring advanced metallurgical solutions. With an upcoming order pipeline and a growth strategy, the company seems well-positioned to continue its momentum in the coming years.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.