State Trading Organization (STO) has signed an agreement with Afcons Infrastructure Limited to supply concrete required for the Thilamale’ bridge development project.
The parties entered into a formal agreement on Thursday, 12 May, by signing on the contract at a special ceremony held at the main office of STO.
Moreover, Mr. Hussain Amr, the CEO and Managing Director of STO signed the agreement on behalf of the state-owned enterprise while Mr. V. Madhusudhanan, the Deputy Project Manager of Afcons signed on behalf of the contractor.
STO has entered a formal contract for the duration of one-year under which the corporation promises to supply 7,500 cubic meters of ready-mix concrete to Afcons for the bridge development project.
Furthermore, STO had prepared five months in prior, to be capable of supplying concrete to Afcons without hindrances which had included installation of additional ready-mix machinery at their cement plant.