Tega Industries Subsidiary Secures ₹126 Crore Contract
Tega McNally Minerals Limited, a subsidiary of Tega Industries, has secured a contract worth ₹126 crore from Kalpataru Projects International Limited. The contract involves design, engineering, manufacturing, and supply of equipment, to be executed over 14 months.
A contract of ₹126 crore is material for the company and is expected to contribute positively to its revenue and operations over the next 14 months.
The announcement details a new, significant contract for a subsidiary, indicating business growth and expansion.
Tega Industries Limited has announced that its wholly-owned material subsidiary, Tega McNally Minerals Limited (TMML), has entered into a significant contract with Kalpataru Projects International Limited. The contract, valued at ₹126 crore (excluding GST), encompasses design, engineering, manufacturing, inspection, transportation, supply, supervision of erection, testing, commissioning, and performance guarantee demonstration.
This contract is to be executed over a period of 14 months. The company has informed the stock exchanges about this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further details regarding the contract, including its nature and terms, have been provided as an annexure to the company's filing and are also available on the company's website, www.tegaindustries.com.
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Tega Industries Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Tega Industries Limited. Read the original for the full detail.