MLL Engineers and Contractors gets Rs 8 crore liquidity from Red Fort Capital

MLL Engineers and Contractors has borrowed Rs 8.25 crore from investment platform Red Fort Capital for working capital and business expansion. MLL Engineers is a Navi Mumbai-based electrical and civil contracting company engaged in various fields of electrical and civil works.

MLL Engineers and Contractors are L1 contractors for companies like Godrej Realty, Tata Power, Adani Electricity, MSETCL, Panvel Municipal Corporation, CIDCO and other big corporations.

Parry Singh, founder and CEO, Red Fort Capital, said that the company is committed to providing quick capital to companies that are adding value to the economy and contributing to the overall growth.

MLL Engineers and Contractors has ongoing projects in Mumbai, Panvel and the surrounding region.

Mangesh Labade, CEO & MD, MLL Engineers and Contractors, said that Red Fort Capital disbursed the loan in record time of 7 days and "helped to capitalise on time sensitive opportunities".

Red Fort Capital was established by the seasoned entrepreneur Parry Singh. The NBFC offers secured business credit to finance the purchase of equipment and machinery, working capital and receivables to businesses and more.