Deals1 Aug 2025, 04:00 pm
Lloyds Engineering Works Ltd Subsidiary Secures Rs. 23,10,91,200/- Escalator Procurement Contract with Mumbai Railway Vikas Corporation Limited
AI Summary
Lloyds Engineering Works Ltd, through its subsidiary Techno Industries Private Limited, has entered into an agreement with Mumbai Railway Vikas Corporation Limited for the procurement of escalators. The agreement, valued at Rs. 23,10,91,200/- with GST, involves design, manufacturing, supply, multiple loading/unloading, installation, testing, commissioning, and maintenance during the warranty period at various locations of Central Railway. The completion period for this project is 24 months from the date of issue of the notice to proceed.
Key Highlights
- Lloyds Engineering Works Ltd's subsidiary, Techno Industries Private Limited, secures a contract worth Rs. 23,10,91,200/- with Mumbai Railway Vikas Corporation Limited
- The contract involves the procurement of escalators for various locations of Central Railway
- The agreement includes design, manufacturing, supply, multiple loading/unloading, installation, testing, commissioning, and maintenance during the warranty period
- The completion period for this project is 24 months from the date of issue of the notice to proceed
- Lloyds Engineering Works Ltd holds 88% of the shareholding in Techno Industries Private Limited