Vedanta's Supplier Company Consolidates Two Work Order into Rs 47.36 Crore Contract with ESL Steel

DSIJ Intelligence-2 / 12 Aug 2025/ Categories: Mindshare, Trending

Vedanta's Supplier Company Consolidates Two Work Order into Rs 47.36 Crore Contract with ESL Steel

The stock is up by 26 per cent from its 52-week low of Rs 196.05 per share.

Krishca Strapping Solutions Limited, a prominent manufacturer headquartered in Tamil Nadu, has issued a clarification regarding a significant work order from M/s ESL Steel Limited (Vedanta Group), Jharkhand. The company, which had previously intimated the National Stock Exchange (NSE) on March 24, 2025, about two separate orders, has now consolidated these into a single, larger contract following renegotiations and an expanded scope of work.

Initially, Krishca Strapping Solutions Limited had received orders valued at Rs 18.38 crores and Rs 47.36 crores, bringing the aggregate total to Rs 65.74 crores. However, subsequent discussions between Krishca Strapping Solutions Limited and ESL Steel Limited led to a renegotiation of rates and an increase in the overall scope of work.

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As a result of these discussions, a revised Letter of Intent and Purchase Order has been issued. This new order consolidates the previous scope, with the initial Rs 18.38 crores order now being modified and included within a single, comprehensive order valued at Rs 47.36 crores.

Key Details:

  • Original Orders (March 24, 2025): Rs 18.38 crores and Rs 47.36 crores, totaling Rs 65.74 crores.
  • Revised & Consolidated Order: Rs 47.36 crores.
  • Reason for Revision: Renegotiated rates and increased scope of work.
  • Client: M/s ESL Steel Limited (Vedanta Group), Jharkhand.

Date of Clarification: August 12, 2025.

About the Company

Incorporated in 2017, Krishca Strapping Solutions Ltd (KSSL) is a Chennai-based manufacturer and wholesaler of high-tensile steel straps, strapping seals, and strapping tools, offering total packaging solutions. The company operates India’s first lead-free and eco-friendly production line for heat treatment of steel strapping and holds a 10 per cent share in the Indian steel strapping market.

The company has a market cap of over Rs 350 crore and has delivered good profit growth of 48.6 per cent CAGR over the last 5 years. The stock is up by 26 per cent from its 52-week low of Rs 196.05 per share.