Deals27 Jun 2024, 09:27 pm
Tega Industries' Subsidiary Wins INR 1,199 Million Contract with NMDC Limited
AI Summary
Tega Industries Ltd. has announced that its wholly-owned subsidiary, Tega McNally Minerals Limited (TMML), has secured a contract with India's largest iron ore producer, NMDC Limited. The contract, valued at approximately INR 8,716 million (inclusive of taxes), is for the Design, Engineering, Manufacture, Supply, Erection, Testing and Commissioning of a new 7 MTPA Iron ore Screening & Beneficiation Plant — II (SP-Il) at Donimalai Complex, Bellary, Karnataka on a Turnkey basis. TMML's share in the contract is INR 1,199 million (inclusive of taxes). The contract is expected to be executed over a period of 26 months.
Key Highlights
- Tega Industries' subsidiary, Tega McNally Minerals Limited (TMML), has secured a contract with NMDC Limited.
- The contract is for the Design, Engineering, Manufacture, Supply, Erection, Testing and Commissioning of a new 7 MTPA Iron ore Screening & Beneficiation Plant — II (SP-Il) at Donimalai Complex, Bellary, Karnataka on a Turnkey basis.
- The total value of the Contract awarded to the Consortium is approximately INR 8,716 million (inclusive of taxes).
- TMML’s share of business in the said contract is INR 1,199 million (inclusive of taxes).
- The contract is expected to be executed over a period of 26 months.