Thejo Engineering receives first orders from Vale Brazil worth about Rupees 8.46 crore
THEJO · price
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Thejo Engineering has received the first tranche of purchase orders from Vale, Brazil under a three-year supply contract for THOR-R and THOR-M Mill Liners. The order covers the initial two complete sets, valued at USD 0.89 million (about Rupees 8.46 crore), with supply scheduled by October 2026. The order follows strong performance during plant trials. Vale is an international entity, the order is not a related party transaction, and it was secured in the normal course of business.
Confirms execution of Vale Brazil contract and adds export revenue. Order size is modest, so immediate stock impact may be limited, but it validates the international client relationship.