Kilburn Engineering Ltd. to Form Joint Venture with East End Technologies for Exploring Opportunities in Oil/Gas, Fertilizers, Petrochemicals, Steel Sectors

Kilburn Engineering Ltd. and East End Technologies Private Limited (EETPL) have proposed to execute a binding term sheet to incorporate a joint venture company (JV Company) to explore opportunities in relation to projects for piping fabrication & erection, structural fabrication & erection, pre-commissioning support for mechanical works, etc. mainly for sectors related to oil/ gas, fertilizers, petrochemicals, steel, etc., within India. The JV Company will be a subsidiary of Kilburn Engineering Ltd. and will carry on the business of piping fabrication & erection, structural fabrication & erection, pre-commissioning support for mechanical works, etc. for sectors related to oil/ gas, fertilizers, petrochemicals, steel, etc., in India. The formation of the JV Company is aimed at leveraging the complementary strengths of both the Company and EETPL to pursue mutually beneficial business opportunities in the piping fabrication & erection, structural fabrication & erection, pre-commissioning support project sector. The JV Company's business is in line with the Company's core operations and will expand its capabilities and market reach.