Company Disclosure: Contract Award
Modern Engineering and Projects Limited (Scrip Code: 539762, ISIN: INE250S01015) has received a Letter of Award (LOA) from Neelachal Ispat Nigam Limited (NINL) for Area Grading works at NINL's Expansion Project.
Contract Details
Awarding Entity: Neelachal Ispat Nigam Limited (NINL)
Contract Nature: Area Grading works at NINL Expansion Project
Contract Value: ₹113,26,49,000.00 (Rupees One Hundred Thirteen Crores Twenty-Six Lakhs and Forty-Nine Thousand only)
Contract Type: Item Rate Work Order where payment shall be regulated as per actual quantities executed
Tax Treatment: Contract price is net of Goods & Services Tax (GST) and applicable cess. All other taxes and duties are included in the contract price.
Execution Timeline: Six months from the date of award of the Work Order
Geographic Scope: Domestic contract awarded by domestic entity
Additional Information
- The company confirmed that this is not a Related Party Transaction
- Promoter/promoter group/group companies have no interest in the entity awarding the contract
- The LOA was dated October 6, 2026
- The disclosure was signed by Fattehsingh Krishnrao Patil, Managing Director (DIN: 10738344) on October 7, 2026
Financial Impact
The contract represents a significant order worth ₹113.26 crore for the company. The item-rate nature means final revenue recognition will depend on actual quantities executed.