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GG Engineering bags orders worth Rs 21 crore for supplying Iron Raw Material

05 Aug 2023 Evaluate

GG Engineering has won orders valued Rs 21 crore for supplying Iron Raw Material to prominent Industrial houses of repute consuming steel as the primary Raw Material. The company will be completing these supplies within next 30?45 days and is anticipating additional orders as well for Q3 of the current financial year.

The company has been working on a vertical integration strategy, expanding their role in the supply chain of the raw materials, as well as the sales of engineering products in the Steel including Heavy Steel business arenas. The company is eyeing gaining better control and economies in both upstream and downstream functions in the Value Chain. The company is also exploring and working on various viable options including alliances and acquisitions to fulfil the goals for achieving Backward as well as forward integration.

G.G. Engineering has been in the business of Quality Metal Products including Heavy Steel Products.

Peers
Company Name CMP
Waaree Energies 2627.50
Apar Industries 17496.15
Havells India 1114.80
Suzlon Energy 44.16
Siemens 3960.90
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