Modern Engineering Bags ₹113.26 Cr Order from NINL

Modern Engineering and Projects Limited has secured a Letter of Award (LOA) from NEELACHAL ISPAT NIGAM LIMITED (NINL) for Area Grading works at the NINL Expansion Project. The estimated contract value is ₹113,26,49,000.00 (Rupees One Hundred Thirteen Crores Twenty-Six Lakhs and Forty-Nine Thousand only), net of GST and applicable cess. The work order is an Item Rate Work Order, with payment based on actual quantities executed. The project is expected to be completed within six months from the award date. This is a domestic contract.