Elecon Engineering (EEL) has been awarded letter of intent (LoI) by ArcelorMittal Nippon Steel India (AMNS) for a contract worth Rs 82.78 crore to supply mechanical equipment.
Under the contract, the company will be responsible for manufacturing and delivering belt conveyor mechanical equipment and technological structure for AMNS's Hazira plant in Surat, Gujarat. The project is scheduled for a period of around 10 months.
This significant contract adds to Elecon Engineering's portfolio as a prominent industrial gears and material handling equipment manufacturer in Asia.
Last year, EEL’s subsidiary, Elecon Middle East FZCO, Dubai, incorporated its wholly-owned subsidiary, namely Elecon Radicon Africa.