MoneyWorks4Me

Tega Industries’ arm, Kalpataru Projects consortium bag contract worth Rs 871.6 crore

27 Jun 2024 Evaluate

Tega Industries’ wholly-owned subsidiary -- Tega McNally Minerals (TMML) has entered into a contract on June 26, 2024 as a consortium member with India's largest producer of iron ore, NMDC, for Design, Engineering, Manufacture, Supply, Erection, Testing and Commissioning of new 7 MTPA Iron ore Screening & Beneficiation Plant - II (SP-II) (Package -1) at Donimalai Complex, Bellary, Karnataka on Turnkey basis. (the “Contract”). 

Kalpataru Projects International is the Consortium Leader. The Contract is required to be executed over a period of 26 months. The total value of the Contract awarded to the Consortium is around Rs 871.6 crore (inclusive of taxes). TMML’s share of business in the said contract is Rs 119.9 crore (inclusive of taxes). 

Tega Industries (Tega) is a global leader in designing and manufacturing ‘critical-to-operate’ consumables for the mining, mineral processing, and material handling industries.


Peers
Company Name CMP
Bharat Heavy Elect. 422.00
Thermax 3364.10
Kirloskar Industries 3481.75
Skipper 541.95
INDO-MIM 1272.60
View more..