Key Highlights
- HLE Surface Technologies GmbH, a step-down subsidiary of HLE Glascoat Limited, has secured an international contract from FLC Portals Group I/S, Denmark.
- The total value of the contract is approximately €20.56 million.
- The order is for the supply of vitreous enamel cladding panels.
- FLC Portals Group I/S has been awarded a contract for setting up a tunnel between Fehmarn in Germany and Lolland in Denmark.
- The HLE Surface Technologies contract is classified as an international order.
- The contract is scheduled to be executed on or before April 2030.
HLE Glascoat Limited has announced that its step-down subsidiary, HLE Surface Technologies GmbH (HST), has secured an international contract worth approximately €20.56 million from FLC Portals Group I/S, Denmark.
The company disclosed the order through a regulatory filing with the BSE and National Stock Exchange of India under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
HLE Surface Technologies Wins €20.56 Million Order
As per the filing, HLE Surface Technologies GmbH, a step-down subsidiary of HLE Glascoat Limited, has received the contract from FLC Portals Group I/S for the supply of vitreous enamel cladding panels.
The total value of the contract is approximately €20.56 million, making it a significant international order for the HLE Glascoat group.
The order has been classified as an international contract and is expected to be executed on or before April 2030.
Order Linked to Fehmarn-Lolland Tunnel Project
The contract is associated with a major infrastructure project in Europe. FLC Portals Group I/S has been awarded a contract for setting up a tunnel connecting the German island of Fehmarn with the Danish island of Lolland.
HLE Surface Technologies will supply vitreous enamel cladding panels for the project under the newly awarded contract.
The company’s involvement in the project provides its surface technologies business with an opportunity to participate in a major international infrastructure development with a long-term execution period.
International Business Opportunity for HLE Glascoat
The latest order adds to HLE Glascoat’s international business exposure through its step-down subsidiary, HLE Surface Technologies GmbH.
The €20.56 million contract is expected to support the subsidiary’s order book through the execution period extending up to April 2030. The award also reflects demand for specialised vitreous enamel cladding solutions in large-scale infrastructure projects.