Megatherm Induction Bags $4.9M Export Order for Capital Goods in Africa

Team Finance Saathi

27/Feb/2025

What's covered under the Article:

Megatherm Induction Limited receives a $4.9 million export order from Africa, strengthening its global presence.
The order involves the supply, erection, and commissioning of capital goods, expected to commence in H2 FY26.
The contract is secured via Letter of Credit, with no related party transactions or promoter group involvement.

Megatherm Induction Limited has announced a major international order worth $4.9 million from Africa, reinforcing its footprint in the global capital goods market. The announcement was made as part of its regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Export Order

The order involves the supply, erection, and commissioning of capital goods to an African client. It is expected to commence in the second half of FY26. The order has been secured through a Letter of Credit, ensuring a structured payment mechanism.

Megatherm’s Growing International Presence

The company’s ability to secure a high-value contract in Africa underscores its expanding global reach and competitiveness in capital goods manufacturing. With a strong reputation for engineering excellence and advanced induction technologies, Megatherm Induction continues to gain recognition in international markets.

Financial Implications

The $4.9 million order is expected to contribute significantly to Megatherm’s revenue stream, further solidifying its financial growth and market expansion strategy. The details of this order have been reviewed by the management and will be available on the company’s website.

Regulatory and Compliance Aspects

The contract is with an international entity, not a related party.
No involvement of promoter or promoter group in securing the order.
The company has disclosed the transaction in accordance with SEBI Listing Regulations.

Conclusion

This export order marks a major milestone for Megatherm Induction Limited, highlighting its capabilities in the global capital goods sector. With a focus on international expansion, the company is well-positioned for sustained business growth in the coming years.

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