Tembo Global Industries Limited has informed the Exchange about Bagging/Receiving of orders/contracts
TEMBO · price
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Awaiting price reaction for this filing.
Tembo Global Industries has won an international EPC contract valued at USD 12.44 million (about ₹104 crore) for the construction of Aviation Turbine Fuel (ATF) storage tanks along with piping, electrical and instrumentation works at Bandaranaike International Airport in Colombo, Sri Lanka. The scope covers design, engineering, procurement, construction, and commissioning of the ATF storage systems. The company described this as a significant achievement in the international EPC market that is expected to contribute positively to its revenues and business growth. The order is from an international client and is not a related-party transaction.
This is a sizeable export order in US dollars from a major international airport, which strengthens Tembo Global's international EPC credentials and provides a meaningful revenue boost. For shareholders, it signals new business momentum outside India and adds visibility to the order book, though execution and forex risks on a Sri Lanka-based project should be watched.