Mukand bags Rs 154 cr order for IISCO steel plant

Kolkata, Dec 3(UNI) Mukand Limited has bagged a Rs 154 crore order as part of the expansion programme of the SAIL IISCO steel plant in Burnpur.

The order for the installation of a universal section mill, which is part of the 2.5 Million Tonne new stream expansion of IISCO Steel Plant, was awarded to a consortium led by SMS Meer GmbH of Germany.

The Indian portion of the order bagged by the Consortium is valued at Rs 299 crore of which Mukand's share is at Rs 154 crore.

According to company sources, Mukand will execute its part of the order along with its group company Mukand Engineers Ltd. The scope of the work covers engineering and supply of auxiliary systems for the mill, including associated electricals, EOT cranes with rotating trolleys and also 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.

Mukand's Industrial Machinery division continues on a growth path achieving an average top line growth of 50% over the last three years. The division is also the leader in the manufacture of heavy duty EOT cranes.

UNI