Shreeji Shipping Global Limited received a Letter of Award (LOA) from Kerwa Coal Limited for a 20-year mine development and operation contract, extendable by 5 years.
The contract, awarded as the H2 bidder, is a joint bid with Nuravi Imports and Exports Private Limited, with a profit-sharing ratio of 49% and 51% respectively.
The award is subject to conditions, including submission of a performance guarantee by May 15, 2026, and is expected to enhance the company's revenue and financial performance.