Indore-headquartered ITL Industries Ltd has received a bulk order worth of Rs 54.93 crore from Steel Authority of India Ltd (SAIL), the largest integrated iron and steel producer in India.

ITL Industries said in a release that this is the biggest single order in the company's history for supply of slitting line and tube mill.

Founded in 1986, ITL Industries Limited provides cutting solutions primarily in India. It offers 60 different models of bandsaw machines ranging from 100 mm to 1500 mm cutting capacity with manual, semi automatic, automatic, and CNC machines.

Besides this, ITL also manufactures tube and pipe mills, section mills, straightening machines, draw benches, auto cutt-off, and accumulators.