Sinoma International: Subsidiaries signed business contracts with a total value of about 2.046 billion yuan

2023-06-26 09:25:17

The total contract amount is CNY 386 million plus INR 18.929 billion (equivalent to approximately CNY 1.66 billion), including CNY 386 million for the offshore equipment supply contract executed by Tianjin Cement Institute and INR 18.929 billion for the engineering design, onshore equipment supply, civil construction and installation contract executed by LNVT. The contract shall come into force upon signature.

Sinoma International announced in the evening of June 25 that recently, Tianjin Cement Institute, a wholly-owned subsidiary of the company, and LNVT Private Limited, a holding subsidiary of the company, signed a contract with the owner for Bhatapara clinker production line of Ambuja Cement Company of Adani Group, India, with an annual output of 4 million tons . EPC Contract for Sankrail Cement Grinding Station with Annual Output of 2 Million Tons and Farakka Cement Grinding Station with Annual Output of 2 Million Tons. The total contract amount is RMB 386 million plus 18.929 billion Indian rupees (equivalent to about RMB 1.66 billion) , of which the contract amount of offshore equipment supply executed by Tianjin Cement Institute is RMB 386 million. The contract executed by LNVT for engineering, supply of onshore equipment, civil construction and installation was for INR 18,929 million. The contract shall come into force upon signature.

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The total contract amount is CNY 386 million plus INR 18.929 billion (equivalent to approximately CNY 1.66 billion), including CNY 386 million for the offshore equipment supply contract executed by Tianjin Cement Institute and INR 18.929 billion for the engineering design, onshore equipment supply, civil construction and installation contract executed by LNVT. The contract shall come into force upon signature.

2023-06-26 09:25:17

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