India: Petron Engineering receives LoI from Shree Cement

Petron Engineering Construction has received a Letter of Intent (LoI) from Shree Cement for the civil works including plant building, silos and miscellaneous work at the cement producer's Orissa grinding project in Shyampur District, Cuttack, Odisha. The value of the contract is approximately INR330m (US$4.86m).

In September 2016 the company received a LoI from Shree Cement for civil works at its cement plants at Aurangabad, Bihar and Gulbarga, Karnataka for a total contract value of INR500m.