On the commencement of the week, Elecon Engineering has announced that it has secured an order valued at Rs 82.78 crore from ArcelorMittal Nippon Steel India Ltd. The awarded order, amounting to Rs 82.78 crore, reflects the confidence and trust placed in Elecon Engineering’s capabilities by ArcelorMittal Nippon Steel India Ltd.
Elecon Engineering Company Limited is an Indian manufacturer of material handling equipment, industrial gears, and transmission products. Established in 1951, Elecon has a diverse product portfolio that includes bulk material handling equipment, gearboxes, and wind turbine generators. Elecon’s comprehensive solutions cater to various industries, such as power, cement, mining, and infrastructure. The company’s focus on technological excellence and customer satisfaction positions it as a major player in the engineering sector.
ArcelorMittal Nippon Steel India (AM/NS India) is a joint venture between global steel giants ArcelorMittal and Nippon Steel Corporation. AM/NS India operates steel manufacturing facilities, producing a wide range of flat and long steel products for sectors such as automotive, infrastructure, and construction. The company focuses on sustainable practices and innovation, contributing to India’s infrastructure development and reinforcing its commitment to environmental stewardship in the steel manufacturing process.
This contractual agreement pertains to the fabrication and provision of mechanical equipment for belt conveyors and technological structures intended for utilization at the Hazira Plant in Surat, Gujarat, operated by ArcelorMittal Nippon Steel India. The scope of the contract encompasses the manufacturing and delivery of essential components required for the efficient functioning of the belt conveyor systems within the specified industrial facility located in Hazira, Surat, Gujarat.
In a regulatory filing, Elecon Engineering disclosed that the contract value for the order amounts to Rs 82.78 crore, exclusive of Goods and Services Tax (GST). Elecon Engineering Company Ltd, recognized as a prominent manufacturer of industrial gears in Asia, specializes in the production of material handling equipment as well.
