Tega Industries Ltd Share Price – NSE  /  BSE

Engineering, Small Cap

Tega Industries will hold a meeting of the Board of Directors of the Company on 8 August 2024.

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The contract is for design, engineering, manufacture, supply, erection, testing and commissioning of new 7 MTPA iron ore screening & beneficiation plant at Donimalai Complex, Bellary, Karnataka, on turnkey basis.

Kalpataru Projects International is the consortium leader. The contract is required to be executed over a period of 26 months.

The total value of the contract awarded to the consortium is approximately Rs 871.6 crore. TMML’s share of business in the said contract is Rs 119.9 crore.

Tega Industries is engaged in the activity of designing, manufacturing and installation of process equipment and accessories to cater the mineral processing, mining, material handling and environment industries.

The company's consolidated net profit rose 15.83% to Rs 89.49 crore on a 27.89% increase in revenue to Rs 506.98 crore in Q4 FY24 over Q4 FY23.

The scrip had declined 1.56% to end at Rs 1599.50 on the BSE today.

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Tega Industries announced that the 48th Annual General Meeting(AGM) of the company will be held on 20 August 2024.

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Net profit of Tega Industries rose 15.83% to Rs 89.49 crore in the quarter ended March 2024 as against Rs 77.26 crore during the previous quarter ended March 2023. Sales rose 27.89% to Rs 506.98 crore in the quarter ended March 2024 as against Rs 396.41 crore during the previous quarter ended March 2023.

For the full year,net profit rose 5.34% to Rs 193.86 crore in the year ended March 2024 as against Rs 184.03 crore during the previous year ended March 2023. Sales rose 22.96% to Rs 1492.71 crore in the year ended March 2024 as against Rs 1213.97 crore during the previous year ended March 2023.

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