Petron Engineering Construction has received a Letter of Intent (LOI) from Shree Cement Ltd. The Indian cement manufacturer has contracted Petron Engineering to carry out civil construction work for a packing plant extension and flyash unloading system with handling conveyor belt at Bangur Cement, located in Aurangabad, for a total value of Rs.240 million (excluding service tax).
The engineering company has also received an order from NCC, based in Madhapur, Hyderabad, for additional services of erection, testing and assistance for commissioning, trial operation and handing over of critical piping for two 600 MW power plants at Nellore.
Shree Cement Ltd has signed a Business Transfer Agreement (BTA) with Jaiprakash Associates Ltd for the acquisition of a 1.5 million tpa cement plant in Panipat.
India’s Shree Cement is planning to set up a 3 million tpa grinding plant in Odapada, located in the Dhenkanal district, at a cost of approximately Rs.452.55 crore.