Thejo Engineering Limited has informed the Exchange regarding 'Update on Rate Contract from Uranium Corporation of India Limited '.
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Thejo Engineering has secured its first-ever rate contract from Uranium Corporation of India Limited (UCIL), a government PSU under the Department of Atomic Energy. The contract is for supply and installation of Rubber Lining Systems to be used in ball mills and rod mills at UCIL's Jaduguda and Turamdih mines in Jharkhand. The tentative ceiling value is Rs. 3.92 crores (excluding GST), valid for one year from 29th April 2025 to 28th April 2026, with a 60-day spillover period. The order is not a related party transaction.
This is a modest-sized new order from a prestigious government client that opens a new customer relationship in the nuclear/atomic energy segment, though the contract value is relatively small and unlikely to materially move the stock.