Tega Industries Limited has announced that its wholly-owned subsidiary, Tega McNally Minerals Limited (TMML), has secured a significant contract valued at INR 126,00,00,000/- (excluding GST). The contract is with Kalpataru Projects International Limited and covers design, engineering, manufacturing, inspection, transportation, supply, supervision of erection, testing, commissioning, and performance guarantee demonstration. This substantial order is to be executed over a period of 14 months.
Major Contract Secured by Subsidiary
Tega Industries Limited has disclosed a significant development regarding its subsidiary, Tega McNally Minerals Limited (TMML). TMML has entered into a contract with Kalpataru Projects International Limited, valued at an aggregate of INR 126,00,00,000/- (excluding GST). This substantial order is a testament to the subsidiary’s capabilities and is expected to contribute significantly to the company’s revenue streams.
Scope and Execution Details
The comprehensive contract encompasses a wide range of services, including design, engineering, manufacture, inspection, transportation, and supply. Furthermore, it includes supervision of erection, testing, commissioning, and performance guarantee demonstration, as per the terms of the agreement. The project is slated for execution over a period of 14 months, indicating a focused and efficient implementation plan.
Domestic Project
The entity awarding the contract, Kalpataru Projects International Limited, is a domestic entity. The nature of the order is for the supply of equipment, aligning with Tega Industries’ core business segments. The company has assured that the information is made available on its official website for public access.
Source: BSE
