Hyderabad, 26th January 2011: SEW Infrastructure Ltd., (Vallurupalli Rajasekhar, Managing Director) a leading infrastructure company from Hyderabad has announced that the Company has signed a Memorandum of Understanding (MOU) with an Indonesia – based company Surya Kapenjen, through it’s subsidiary SEW Trident Global Pte Ltd. on Tuesday, 25th January 2011. The Mou was signed by Mr.C.Srikanth, Director of SEW Trident Global Pte. Ltd. in the presence of the President of Indonesia, Mr. Susilo Bambang Yudhoyono.
The MOU entails development of a 84KM Hauling road on BOT and the Port which would feed the cargo in East Kalimantan Province of Indonesia, with a minimum capacity of 10 Mil MT per Annum of coal.The project feasibility studies are being undertaken and SEW would decide how much to invest in the project once they get the necessary approvals and clearances.
Speaking on the occasion, Mr.C.Srikanth, the Director of SEW Trident Global Pte Ltd. said: “SEW Infrastructure Ltd., is making its first foray abroad with these projects and shall execute these projects with the same level of commitment and excellence as in the past 50 years. We are exploring further opportunities to invest in Mines and Infrastructure into Indonesia”