Modern Engineering and Projects rallies 16% after bagging ₹60 Cr road construction order from Tata SteelModern Engineering and Projects rallies 16% after bagging ₹60 Cr road construction order from Tata Steel

Introduction

Leading infrastructure company received a Tata Steel work order for construction of priority bituminous trunk road for industrial expansion project worth Rs 60 crore.

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Share price movement of Modern Engineering

On April 13, 2026, Modern Engineering And Projects Ltd opened at ₹36.60, up 8.28% from its previous close of ₹33.80. The stock reached a high of ₹39.30 (16.21%) and a low of ₹35.55. By 15:31, it traded at ₹37.98, a 12.37% increase, with a market cap of ₹58.68 crore.

Modern Engineering Secures Tata Steel Order

Modern Engineering and Projects Limited received a work order from Tata Steel Limited for construction of priority bituminous trunk road for Neelachal Ispat Nigam Limited expansion project in India today.

Estimated contract value is about Rs 60 crore under item rate agreement, domestic contract, with execution period of approximately one year as per work order terms issued by Tata Steel.

Stock performance of Modern Engineering for period of 1 week, 6 months, and 1 year

Modern Engineering And Projects Ltd delivered a 1-week return of -4.87%, a 6-month return of -11.2%, and a 1-year return of 10.5%.

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Shareholding pattern of Modern Engineering

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	33.30%	33.30%	33.30%
FII	7.20%	7.50%	6.90%
DII	0.00%	0.00%	0.00%
Public	59.50%	59.20%	59.80%

About Modern Engineering

Modern Engineering and Projects Ltd (BSE: 539762) undertakes infrastructure contracts including transportation engineering and civil construction projects across India, established in 1946.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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