SEVERFIELD PLC — Regulatory Filings 2016

Dec 14, 2016

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RNS Number : 7730R

Severfield PLC

14 December 2016

Severfield plc ('the Group')

SEVERFIELD SECURES £29 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 £29 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:

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

This information is provided by RNS

The company news service from the London Stock Exchange

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