Elecon Engineering Company has received a Letter of Intent (LoI) for awarding a contract of Rs 82.78 crore (excluding GST) from Arcelormittal Nippon Steel India, Gujarat, for Manufacturing and supply of Belt Conveyor Mechanical Equipment and Technological Structure for MH SYSTEM COBP#1&2BF#1at its Hazira Plant, Surat, Gujarat. The order is to be executed within around 10 months.
Elecon Engineering Company is engaged in delivering power transmission solutions and material handling equipment.