Indo Straits secures Rp25 billion project in KPC
Tuesday, February 26 2013 - 01:50 AM WIB
By Peni Pedriawan
IDX-listed PT Indo Straits said that PT Kaltim Prima coal (KPC) has awarded a Rp 25 billion contract for Indo Strait to conduct the dredging work in Kalimantan.
Based on the Letter of Intent, Indo Straits will provide the dredging service to KPC commissioning from 28 February 2013 for the project contractual completion schedule approximately for 7 months.
"The contract sum is approximately to be in the range of Rp25 billion," the company said in the statement to the IDX.
"With this new Letter of In tent, we are confident that our existing mutually cordial working relationship will be enhance further in the future."
Editing by Adianto P. Simamora