Twamev Construction Wins Contract for Rebuilding Employees Quarter at SAIL-ISP Burnpur
Twamev Construction and Infrastructure Limited, formerly known as Tantia Constructions Limited, has secured a significant construction contract with The Steel Authority of India Limited (SAIL). The company received a Letter of Acceptance (LOA) from SAIL-ISP for the "Rebuilding of Employees Quarter at ISP Township in Phase-1" located at the IISCO Steel Plant in Burnpur.The LOA, dated May 21, 2026, confirms the contract award to Twamev Construction and Infrastructure Limited.
Under the terms specified in the LOA, the total contract price for the rebuilding project was set at Rs. 19,04,65,887.63 (Rupees Nineteen Crore Four Lakh Sixty-Five Thousand Eight Hundred Eighty-Seven and Paisa Sixty-Three Only), including GST.
The project is slated for completion within 12 months from the effective date of the contract.
Contract Financial Details
The contract details establish specific financial obligations for the contractor:| Detail | Value | Notes |
|---|---|---|
| Total Contract Price | Rs. 19,04,65,887.63 | Including GST |
| Security Deposit (SD) | INR 95,23,295/- | Equivalent to 5% of contract value including GST |
The document noted that the entire job must be executed according to the Terms & Conditions detailed in the original tender documents. The LOA formalizes the contract formation, with the full agreement to be executed by the company.
TICL Stock Price Movement
Today, Twamev Construction and Infrastructure Limited shares edged higher, settling at ₹23.15, representing a gain of 0.56% after posting a ₹0.13 increase. The stock saw notable investor interest during the session, processing 2.12 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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