Deals7 Oct 2025, 12:43 pm
AIA Engineering Ltd Subsidiary Secures USD 32.90 Mn Order from Copper Mine in Chile
AI Summary
AIA Engineering Ltd announced that its wholly owned step-down subsidiary, Vega Industries Chile SpA, has received an order worth USD 32.90 Mn (Approx. INR 291 Crores) from a Copper Mine in Chile for the supply of Grinding Media. The order, to be fulfilled over 18 months starting November 2025, marks a significant breakthrough in the Chilean market where the company has been making efforts to adopt high chrome grinding media.
Key Highlights
- AIA Engineering Ltd's subsidiary, Vega Industries Chile SpA, receives an order of USD 32.90 Mn from a Copper Mine in Chile.
- The order is for the supply of Grinding Media and will be fulfilled over 18 months starting November 2025.
- This marks a significant breakthrough in the Chilean market where the company has been making efforts to adopt high chrome grinding media.
- The order is in compliance with SEBI Listing Regulations, 2015.
- The company will work closely with the customer to deliver the benefits of high-chrome grinding media.