Engineering Company Receives LOI from SAIL – Bhilai Steel Plant for Rs 235.00 Crore Reheating Furnace Project

Atmastco Limited announced that it has received a Letter of Intent (LOI) from Steel Authority of India Limited (SAIL) for the prestigious project of the installation of a 140 TPH Walking Beam Type Reheating Furnace at the Plate Mill of Bhilai Steel Plant. The total value of the LOI Rs 235 crore (Rupees Two Hundred Thirty-Five Crore only). This state-of-the-art reheating furnace will play a critical role in enhancing the operational efficiency, productivity, and energy performance of the Plate Mill at Bhilai Steel Plant, reinforcing SAIL’s commitment to modernisation and capacity enhancement. 

Upon execution of the formal contract, Atmastco Limited. will commence detailed engineering, procurement, supply, erection, testing, and commissioning activities in line with the agreed technical specifications and timelines. This order further strengthens Atmastco Limited’s Order Book and underscores its position as a trusted engineering and project execution partner in India’s core industrial sectors.

About the Company

Atmastco Limited is a leading engineering, fabrication, and project execution company specialising in industrial structures, heavy fabrication, furnace installation, mechanical erection, and turnkey industrial solutions. The company continues to build a strong presence across steel, power, and infrastructure sectors with a focus on quality, innovation, and customer satisfaction.

The company has a market cap of Rs 390 crore. The shares of the company have an ROE of 17 per cent and an ROCE of 22 per cent. The stock is up by 51 per cent from its 52-week low of Rs 109 per share. 

Disclaimer: The article is for informational purposes only and not investment advice.