
Joint Ventures4 April 2026 at 11:31 am
Shreeji Shipping Global Ltd Receives 20-Year LOA from Kerwa Coal Limited as Mine Developer & Operator
AI Summary
Shreeji Shipping Global Ltd has received a Letter of Award (LOA) from Kerwa Coal Limited (KCL) as Mine Developer & Operator along with lead bid member M/s Nuravi Imports and Exports Private Limited for a period of 20 years, which may be extended for another 5 years. The award is subject to fulfillment of certain conditions precedent, including submission of the requisite Security Deposit and/or Performance Bank Guarantee by May 15, 2026. The execution of the said contract shall contribute towards revenue of the company and enhance overall financial performance.
Key Highlights
- Received a Letter of Award (LOA) from Kerwa Coal Limited as Mine Developer & Operator
- Award is for a period of 20 years, extendable by 5 years
- Subject to fulfillment of certain conditions precedent
- Execution of the contract will contribute to company's revenue and financial performance
- Consortium with M/s Nuravi Imports and Exports Private Limited with 49% & 51% profit-sharing ratio
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