By IANS
Kolkata : Mukand Ltd, part of the Bajaj Group, has bagged a Rs.1.54-billion order to carry out expansion work for Indian Iron & Steel Co’s (IISCO) plant in West Bengal’s Burnpur.
The order for installing a universal section mill, which is part of the 2.5 million tonnes expansion of IISCO’s steel plant, was awarded to a consortium led by SMS Meer GmbH of Germany, of which Mukund Ltd is a part.
The universal section mill will be commissioned in the next two years.
Mukand would execute its part of the order along with group company Mukand Engineers Ltd.
The Indian portion of the order bagged by the consortium is valued at Rs.2.99 billion, of which Mukand Engineering’s share is Rs.1.54 billion.
Mukand is involved in the manufacture of speciality steels and heavy machinery. It also builds highways.
The company is also a leading supplier of alloy steel to the automobile and auto components industry and a leader in the manufacture of high-grade stainless steel in India.
IISCO, a wholly owned subsidiary of Steel Authority of India Ltd (SAIL), was amalgamated with the parent company in 2006.