Business Update22 May 2026, 02:28 pm
Twamev Construction Bags ₹19.05 Cr SAIL-ISP Burnpur Project
AI Summary
Twamev Construction and Infrastructure Limited has received a Letter of Acceptance from The Steel Authority of India Limited (SAIL-ISP Burnpur) for the "Re-building of Employees Quarter at ISP Township in Phase-1" project. The total contract price is ₹19,04,65,887.63 (including GST). The project is to be completed within 12 months from the effective date of the contract, which is the date of signing or 30 days from the LOA date, whichever is earlier. A security deposit of ₹95,23,295 is required within 20 days of the LOA.
Key Highlights
- Twamev Construction receives LOA from SAIL-ISP Burnpur for a construction project.
- The project is valued at ₹19.05 Cr, inclusive of GST.
- Project completion timeline is 12 months from the effective contract date.
- A security deposit of ₹95.23 Lakhs is required within 20 days of LOA issuance.
- The contract agreement must be signed within 30 days of LOA issuance.
Price Impact
More from TANTIACONS