Crownia Holdings Ltd. announced that its subsidiary, Jinsili International Steel Holdings Co. Ltd. won two tenders and entered into two letters of intent (LOI) with two companies owned by the Bangladesh Ministry of Defence, representing total contract size of approximately USD 1,000,000. The first LOI was signed with Dockyard &Engineering Works Ltd. (DEW).

Pursuant to this DEW LOI, Crownia is to deliver 480 metric tonnes of MS angle, MS Tee Girder and MS Bulb bar steel products for a total purchase price of USD 223,900 at an average price of USD 466 per metric tonne. DEW is one of the oldest dockyard/shipyards in the Indian subcontinent and possesses a long history of ship building and repair work. It was established in 1926 on the eastern bank of river Shitalakkha, in the city of Narayanganj, approximately 32 km from the capital city of Dhaka.

The second LOI was signed with Khulna Shipyard Limited (Khulna). The Khulna LOI calls for a total purchase price of USD 751,100 with an average price of USD 370 per metric tonne for a total of 1,850 metric tonnes of MS steel plate products.