Krishca Strapping Solutions Secures Major Orders from ESL Steel

Krishca Strapping Solutions Ltd has won two significant orders worth Rs 66 crore from ESL Steel Limited, a Vedanta Group company. The contracts, to be completed from 2025 to 2030, involve strapping and wrapping services for wire rod mills. This win reinforces the partnership between the companies.

In a significant business development, Krishca Strapping Solutions Ltd (KSSL), based in Chennai, has secured two major orders totaling Rs 66 crore from ESL Steel Limited, a Vedanta Group enterprise. This substantial order win was disclosed through an official exchange filing made on Wednesday.

Scheduled for execution over a five-year span commencing April 1, 2025, and concluding on March 31, 2030, the scope of these contracts includes coil strapping of bar bundles and WRM coils, wrapping of WRM coils, and compactor handover services. The contracts were awarded following a competitive reverse auction process.

Lenin Krishnamoorthy Balamanikandan, the chairman and managing director of KSSL, emphasized the strengthening of the company's long-standing partnership with ESL Steel Limited through these viable contracts. KSSL is known for manufacturing high-tensile steel straps and strapping tools.

(With inputs from agencies.)