Kolkata, Dec 3: Mukand Limited, leading supplier of alloy steel to the automobile and auto components industry and manufacturers of highgrade stainless steel, has bagged a Rs 154 crore order as part of the expansion programme of the SAIL's IISCO plant at Burnpur.
ML sources said the order for installation of a universal section mill, a part of the 2.5 million tonne new stream expansion of the Indian Iron Steel Company, was awarded to a consortium, led by SMS Meer GmbH of Germany.
The Indian portion of the order, bagged by the consortium, was valued at Rs 299 crore, of which, Mukand's share was at Rs 154 crore, the ML sources said, adding that Mukand will execute part of its order along with its group company Mukand Engineers Ltd (MEL).
The scope of the work covered engineering and supply of auxiliary systems for the mill, including associated electricals, EOT cranes with rotating trolleys as well as on-site management of the mechanical equipment of the entire mill, including the erection and commissioning work.
The mill is scheduled to be commissioned in 24 months.
Meanwhile, Mukand's industrial machinery division continued on a growth path, achieving an average top line growth of 50 per cent over the last three years.
The division also emerged as the leader in the manufacture of heavy duty EOT cranes.