Mumbai: Engineering firm Tembo Global Industries has secured a contract worth ₹107.05 crore from Adani Enterprises and its group companies for multiple engineering projects. The company has 18 months to execute the contract, with preliminary works already underway. The scope for the project includes project planning, management, design, overview and consultancy services, for which the formal agreement will be executed upon the finalisation of the detailed scope of work.
“We are honoured to receive this mandate from Adani Enterprises and its group companies. This collaboration reflects the trust our clients place in our engineering capabilities and project execution excellence. We remain committed to delivering superior value and contributing meaningfully to India’s dynamic infrastructure growth.” Mr. Sanjay J. Patel, Managing Director, Tembo Global Industries Ltd, said in a press release to the bourses.
Tembo Global is a leading player in the industrial sector, with the company manufacturing a variety of engineering products for use in the oil and gas, chemicals, power, shipbuilding and construction sectors. It has also successfully executed projects across construction, oil and gas, chemicals and shipbuilding sectors.
Following the announcement, Tembo Global’s share rose 3% to ₹810 per share. The company has been a strong performer, with its shares rising more than 15% this year and more than 670% over the past 5 years.
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