Severfield PLC Contract (7730R)

TIDMSFR

RNS Number : 7730R

Severfield PLC

14 December 2016

Severfield plc ('the Group')

SEVERFIELD SECURES GBP29 MILLION WORTH OF CONTRACTS IN INDIA

Severfield plc, the market leading structural steel group, announces that JSW Severfield Structures Ltd (JSSL), its 50:50 joint venture in India with JSW Steel Ltd, has recently been awarded a number of geographically diverse projects across India with a total value of GBP29 million (245 crores).

Contract highlights

   --     two high rise towers for a commercial complex in Kerala; 
   --     a large parking facility in Karnataka; 
   --     two industrial projects in Maharashtra and; 
   --     a technology building near Delhi 

The contracts were awarded due to JSSL's full design, fabrication and site erection capability, and its reputation for consistently delivering high quality products and services within differentiated programme times.

Ian Lawson, Chief Executive Officer, Severfield plc, commented:

"JSW Severfield Structures Ltd, our Indian joint venture, continues to perform steadily and develop a strong pipeline of work from new clients. These contracts are reflective of our ability to provide clients with world class engineering and bespoke design services."

For further information, please contact:

 
                              Ian Lawson 
                               Chief Executive 
 Severfield plc                Officer            01845 577896 
  Alan Dunsmore 
   Group Finance 
   Director                                       01845 577896 
 
   Jefferies International                        020 7029 
   Limited                    Simon Hardy          8000 
                                                  020 7029 
  Harry Nicholas                                   8000 
                                                  020 3772 
 Bell Pottinger               Nick Lambert         2558 
                                                  020 3772 
  Dan de Belder                                    2561 
                                                  020 3772 
  Zara de Belder                                   2512 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTAKNDPDBDBPBD

(END) Dow Jones Newswires

December 14, 2016 02:00 ET (07:00 GMT)