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Tega Industries Shares Soar 10% on ₹126 Crore Kalpataru Projects Contract
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CNBC TV18•21-09-2026, 13:48
Tega Industries Shares Soar 10% on ₹126 Crore Kalpataru Projects Contract
- •Tega Industries shares hit a 52-week high of ₹2,135 after its subsidiary secured a ₹126 crore contract with Kalpataru Projects International.
- •The contract, awarded to Tega McNally Minerals, involves design, engineering, manufacturing, and commissioning for a project to be executed over 14 months.
- •This surge marks the third biggest intraday jump for the company in 2026 and extends its winning streak to four consecutive sessions.
- •Tega Industries aims to reduce its net debt to around three times EBITDA over the next 4-5 years, supported by higher margins and business growth.
- •The company, in partnership with Apollo Global Management, acquired Molycop for approximately $1.5 billion in June, expecting Molycop to boost earnings from FY27.
Key Questions Answered
Tega Industries shares surged up to 10% in intraday trade, hitting a 52-week high of ₹2,135, after announcing that its wholly owned subsidiary, Tega McNally Minerals, secured a ₹126 crore contract with Kalpataru Projects International.
The contract covers the design, engineering, manufacture, inspection, transportation, supply, supervision of erection, testing, commissioning, and performance guarantee demonstration for the project. It is expected to be executed over a period of 14 months.
In June 2026, Tega Industries partnered with funds managed by affiliates of Apollo Global Management to acquire Molycop from an affiliate of American Industrial Partners in a deal valued at around $1.5 billion.
