Notes From Annual report 2023
1.BBL have implemented a business development program a few years ago to increase non-tendered
business from customers. This effort has borne rich dividends and has enabled us to grow our unexecuted order book by almost 50% (in Rupee terms) as compared to the previous year. The order book now stands at its highest ever
2.The Motor business has grown 16% over the previous financial year. Our drive to expand geographically has bolstered sales in many new territories
3.In the Drives and Automation topline is up 38% over the previous financial year.The division has procured some breakthrough orders with e-bus manufacturers and these orders are under execution. Our in-house developed IIOT (Industrial Internet of Things) solutions cater to the areas of predictive maintenance and OEE (Overall Equipment Effectiveness). OEE is a measure of how well a manufacturing operation is utilized as compared to its full potential
4.The Magnet Technology Machines division has grown by 39%.A smaller range servo motor is under development; this will cater to industries like textiles, packaging and printing.
The successful in-house development of these motors has been a great achievement.
5.The Magnet Technology Machines business exported during the year its first 3000 Nm direct drive motor for a special printing press to our technology partner Permagsa in Spain. Engineered in association with Permagsa, the air-cooled motor, has a modified PM rotor, with special hollow shafts and end shields for increased efficiency.
6.The Company has not entered into material related party transactions as defined under Section 2(76) of the Act and Regulation 2(1)(zb) of the Listing Regulations, during the Financial Year under review.
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