Mazda bags Rs 4.3 cr Siemens orders
Mazda has bagged orders worth Rs 4.3 crore from Siemens for supply of steam jet ejectors, condensers, control valves and turbine bypass valves.autos Updated: Jan 03, 2006 12:11 IST
Mazda Ltd manufacturer of automated valve packages, said on Monday that it has bagged orders worth Rs 4.3 crore from Siemens for supply of steam jet ejectors, condensers, control valves and turbine bypass valves.
The work on projects is progressing on schedule and would be executed during 2006, Nazda informed the Bombay Stock Exchange.
Siemens is the company's regular client and in the last two years Mazda has dispatched goods worth about Rs four crore to them, it said.
The company has its presence all over India through its several selling agents and global presence by its overseas collaborators at USA and Germany to cater to the international customers in various countries, it added.
The company expects improved business visibility and higher level of volume traction to deliver better growth and profitability in the current ensuing financial years, it said.