Severfield PlcLSE: SFR

Contract

RNS Number : 7730R
Severfield PLC
14 December 2016
 

Severfield plc ('the Group')

SEVERFIELD SECURES £29 MILLION WORTH OF CONTRACTS IN INDIA

Severfield plc, the market leading structural steel group, announces that JSW Severfield Structures Ltd (JSSL), its 50:50 joint venture in India with JSW Steel Ltd, has recently been awarded a number of geographically diverse projects across India with a total value of £29 million (245 crores).

Contract highlights

·     two high rise towers for a commercial complex in Kerala;

·     a large parking facility in Karnataka;

·     two industrial projects in Maharashtra and;

·     a technology building near Delhi

The contracts were awarded due to JSSL's full design, fabrication and site erection capability, and its reputation for consistently delivering high quality products and services within differentiated programme times.

Ian Lawson, Chief Executive Officer, Severfield plc, commented:

"JSW Severfield Structures Ltd, our Indian joint venture, continues to perform steadily and develop a strong pipeline of work from new clients. These contracts are reflective of our ability to provide clients with world class engineering and bespoke design services."

For further information, please contact:

Severfield plc

Ian Lawson

Chief Executive Officer

01845 577896

Alan Dunsmore

Group Finance Director

01845 577896

Jefferies International Limited

Simon Hardy

020 7029 8000

Harry Nicholas

020 7029 8000

Bell Pottinger

Nick Lambert

020 3772 2558

Dan de Belder

020 3772 2561

Zara de Belder

020 3772 2512


This information is provided by RNS
The company news service from the London Stock Exchange
 
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