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Mukand has secured a Rs 1.54 billion order from SAIL-IISCO, which is in the process of expanding its capacity at Burnpur in West Bengal, reports Business Line.

The order for the installation of a universal section mill, which is part of the 2.5 million tons new stream expansion of IISCO Steel Plant, was awarded to a consortium led by SMS Meer of Germany. The Indian portion of the order bagged by the consortium is valued at Rs 2.99 billion, of which Mukands` (Q, N,C,F)* share is Rs 1.54 billion.

Mukand will execute part of the order together with its group company Mukand Engineers. The mill is scheduled to be commissioned in 24 months.