The Hindu Business Line : NEI bags order from US, Brazil

NATIONAL Engineering Industries Ltd (NEI) has bagged an order worth Rs 5.5 crore from the American and Brazilian railways. NEI, a GP- CK Birla group company, will export approximately 8000 cartridge-tapered roller bearings to the US for this purpose.

The current order is the second exports win for the company in a span of less than two months. The company now expects to exceed the earlier target of over Rs 15 crores within one year, according to a company release.

According to Mr B.G. Mundra, President, NEI, "This current order further highlights the widespread acceptance of our products in global markets and we plan to target more countries with our products. In the coming fiscal, we aim to greatly enhance our customer base in European and US markets," he said.

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