Deals10 April 2026 at 02:31 pm
Modern Engineering Bags ₹60 Cr Road Construction Order from Tata Steel
AI Summary
Modern Engineering And Projects Ltd has secured a significant work order from Tata Steel Limited. The contract, valued at ₹60 Crores (net of GST), is for the construction of a Priority Bituminous Trunk Road for the Neelachal Ispat Nigam Limited expansion project. This is an item rate agreement, with payments regulated by actual quantities executed. The project is expected to be completed in approximately one year. The order is from a domestic entity and does not involve any related party transactions.
Key Highlights
- Modern Engineering secured a ₹60 Cr road construction order.
- The order is from Tata Steel for the Neelachal Ispat Nigam project.
- Contract value is ₹60 Crores, excluding GST.
- Project execution period is approximately one year.
- It is a domestic order and not a related party transaction.