- Business
- M&B Engineering Ltd. (MBEL.NS), founded in 1981 and headquartered in Ahmedabad, Gujarat, India, operates as a leading design-led engineering solutions provider specializing in pre-engineered buildings and self-supported steel roofing through its Phenix Construction Technologies and Proflex divisions; it manufactures and installs pre-engineered metal buildings (PEBs), structural steel components, stainless steel bridge girders, self-supported steel roofing, cantilever roofing (Proflex parking solutions), A-shaped steel buildings, side wall and gable wall cladding, ventilators, skylights, HVLS fans, and solar panel integration for industrial, infrastructure, warehousing, logistics, power, textiles, railways, aviation, and renewable energy sectors across India and select international markets including the United States. The company maintains manufacturing facilities in Sanand, Gujarat, and Cheyyar, Tamil Nadu, with a combined PEB capacity exceeding 100,000 MTPA and over 9,400 projects executed for clients such as Adani, Tata, Amul, Reliance, and Indian Railways. Recent developments include the operationalization of its second Phenix PEB plant near Chennai in March 2024 adding 30,000 MTPA capacity, a successful initial public offering in 2025 raising Rs 650 crore through a fresh issue of equity shares, and the acquisition of a 51% stake in Modtech Machines Private Limited in 2021 to enhance manufacturing capabilities.