Tega McNally Wins ₹126 Crore Kalpataru Contract

Key Details

Tega Industries Limited announced that its wholly owned material subsidiary, Tega McNally Minerals Limited (TMML), has entered into a contract with Kalpataru Projects International Limited.

Contract Value and Terms

The aggregate contract value is ₹126,00,00,000 (One Hundred Twenty-Six Crore Rupees), exclusive of GST. The contract scope includes design, engineering, manufacture, inspection, transportation, supply, supervision of erection, testing, commissioning, and performance guarantee demonstration.

Execution Timeline

The contract is to be executed over a period of 14 months.

Counterparty and Nature

The contract was awarded by Kalpataru Projects International Limited, a domestic entity. The transaction is domestic in nature and does not constitute a related party transaction. The promoter/promoter group/group companies have no interest in the entity that awarded the contract.