Tembo Global Industries Limited has announced the initiation of a significant engagement with Adani Enterprises Limited and its group companies, focused on project planning, management, design, overview, and consultancy services for various infrastructure projects. This strategic collaboration marks an important milestone for Tembo, as it paves the way for detailed execution following the finalization of contractual agreements.
The commencement of work reflects the company’s proactive approach, starting activities in anticipation of formal contracts. The approximate value of this project is reported at ₹107.05 crore (One Hundred Seven Crores Five Lakhs Twenty Thousand), signifying a substantial order that elevates Tembo Global’s standing in the infrastructure consultancy sector.
The project is expected to span approximately 18 months, during which Tembo will provide comprehensive services across multiple infrastructure initiatives led by Adani Enterprises and its affiliate companies. Both entities being domestic, the collaboration is expected to foster significant growth and operational excellence within the Indian infrastructure market.
Notably, there are no related party transactions involved, and the engagement is strictly on an arm’s length basis, enhancing the transparency and governance aspect of this business development. This order consolidates Tembo Global Industries’ position as a key player in infrastructure project planning and consultancy services.
This development is disclosed pursuant to SEBI Listing Obligations and Disclosure Requirements, in line with regulatory transparency norms.
