HLE Glascoat Subsidiary Wins €20.56M Danish Contract

NSE Symbol

HLEGLAS

Contract Details

HLE Surface Technologies GmbH (HST), a step-down subsidiary of HLE Glascoat Limited, has received a contract from FLC Portals Group I/S, Denmark for supply of vitreous enamel cladding panels.

Contract Value

The total size of the contract/order awarded to HST is valued at approximately Euro 20.56 million.

Project Context

FLC Portals Group I/S, Denmark has been awarded a contract for setting up a tunnel between the German island of Fehmarn and the Danish island of Lolland.

Key Contract Terms

• Awarding Entity: FLC Portals Group I/S, Denmark
• Nature of Contract: Supply of vitreous enamel cladding panels
• Geographic Scope: International
• Execution Deadline: On or before April 2030
• Consideration: Approximately Euro 20.56 million

Related Party Considerations

The Promoter/Promoter Group/Group Companies have no interest in the entity that awarded the order/contract. The order/contract does not fall within related party transactions.