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+--- Thread: Anup Engineering has secured two significant orders worth over ₹100 crore (/thread-551.html)
Anup Engineering has secured two significant orders worth over ₹100 crore - Sapna Mukherjee - 12-08-2024
Anup Engineering has secured two significant orders worth over ₹100 crore. Notably, 90% of this value comes from one of Europe's renowned EPC (Engineering, Procurement, and Construction) contractors for a critical project in the UAE. The orders involve the manufacturing and supply of pressure vessels made from complex metallurgies. This achievement highlights Anup Engineering's capabilities in handling challenging engineering projects on a global scale, particularly in the high-demand markets of Europe and the Middle East.
Anup Engineering's order backlog is now estimated to be around ₹900 crore, including the recently secured orders, providing strong visibility for future revenue growth. The company is experiencing robust demand in the export segment, which makes up over 60% of its order backlog. Additionally, with a strong enquiry pipeline, the company expects the order pipeline to remain healthy. The management remains confident in achieving 25-30% annual revenue growth, driven by recent capacity expansions, a focus on new product development, and an increasing share of exports. This outlook reflects the company's strategic positioning and growth potential in the global market.