Pursuant to Regulation 30 of the Listing Regulations, we wish to inform you that the following Subsidiaries/JVs of the Company have received a Letter of Intent/Work Orders for the following projects:
1) GTA Power Mech Nigeria Ltd., 50% JV of Power Mech Projects Ltd has received an order for Composite Work tender Unit ? V for Dangote Oil Refining Company Ltd, Lagos, Nigeria for a total contract price of US $ 76,000,000 (US Dollar Seventy-Six Million only) approximately Rs 491 crores.
2) Mas Power Mech Arabia LLC, 51 % Subsidiary of Power Mech Projects Ltd has received an order for Installation works of HRSG, CENTER LINE (STG & GTG) #1,#2 & #3 for 1800MW ALBA PS5 CCPP, Kingdom of Bahrain, for a total contract price of US $2,06,16,165 (US Dollar Twenty Million Sixty One Lakhs Six thousand One hundred and sixty five only) approximately Rs 133 crores.
The Trading Window for all designated persons as under Power Mech - Insider Trading Policy will be closed from 05th July, 2017 to 06th July, 2017 (both day inclusive).
This is for your information and for dissemination to the general public at large
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