Elecon Engineering Secures ₹83-Crore Contract from ArcelorMittal Nippon Steel

Elecon Engineering Company Ltd has successfully secured a significant contract from ArcelorMittal Nippon Steel India Ltd. The contract, valued at ₹82.78 crore, focuses on the manufacturing and supply of belt conveyor mechanical equipment and technological structures. The project is slated to span approximately 10 months.

This development comes on the heels of Elecon Engineering's strategic expansion, as evidenced by the incorporation of its wholly-owned subsidiary, Elecon Radicon Africa (Pty) Ltd, through its subsidiary Elecon Middle East FZCO, Dubai, last year.

The contract with ArcelorMittal Nippon Steel not only underscores Elecon Engineering's capabilities in the engineering and manufacturing sector but also contributes to its ongoing endeavors for growth and diversification. The company remains committed to delivering high-quality solutions and services, further solidifying its position in the industry.

HBL