Order Win / Mining Contract
Shreeji Shipping Global Wins MDO Contract for Kerwa Coal Mines (20-Year Deal)
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BSE
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Shreeji Shipping Global has received a Letter of Award (LoA) for a Mine Developer & Operator (MDO) contract from Kerwa Coal Limited, strengthening its long-term business pipeline with a 20-year contract.
PRICE-SENSITIVE TRIGGER
Event: Receipt of Letter of Award (LoA)
Type: Order Win / Mining Contract
Impact: Positive
Immediate Effect: Long-term revenue visibility through a multi-year mining contract.
Key Metrics
- Contract Value: Not disclosed
- Contract Tenure: 20 years (+ potential 5-year extension)
- Profit Sharing: 49% (Shreeji) / 51% (Partner)
Highlights
Long-Term Contract: 20 Years
What Happened ?
Shreeji Shipping Global Limited announced that it has received a Letter of Award (LoA) from Kerwa Coal Limited for acting as a Mine Developer & Operator (MDO).
The company has secured this contract in consortium with Nuravi Imports and Exports Pvt Ltd, where Shreeji holds a 49% profit-sharing stake.
Key highlights
Project Scope
- Mine development
- Drilling & blasting
- Excavation
- Coal selling operations
Consortium Structure
- Partner:
- Nuravi Imports & Exports Pvt Ltd
- Profit Sharing:
- Shreeji: 49%
- Partner: 51%
Duration
- Base period:
- 20 years
- Extension:
- Up to 5 additional years
Conditions
- Subject to:
- Mining plan approval
- Submission of bank guarantee
- Regulatory clearances
Note: Contract becomes effective post approvals.
Risk Analysis
Key Risks
- Regulatory approvals delay
- Mining plan finalization
- Commodity price fluctuations
- Execution risks in mining operations
Worst Case Scenario
Delay in approvals or execution could postpone revenue realization.
Risk Level: Medium
Company Commentary
- Highlighted long-term revenue potential
- Strategic entry into mining operations
- Expected to enhance financial performance
Official Exchange Filing: Shreeji Shipping Global Limited