Petron Engineering Construction Ltd Receives Letter of Intent from M/s. Shree Cement Ltd

Shree Cement Limited is one of the leading cement producers in India. In addition, the group is developing a power generation business. Net sales break down by activity as follows: - Cement and clinker production (93.6%): 26.4 Mt of cement and 17.1 Mt of clinker produced in 2020/21. At the end of March 2021, the Group had 14 cement plants and grinding stations in India (13) and the United Arab Emirates; - power generation (6.4%): 1,618.5 GWh produced in 2021. At the end of March 2021, the group has an installed capacity of 752 MW. India accounts for 93.7% of net sales.