Powered by: Motilal Oswal
2024-05-28 03:04:44 pm | Source: PR Agency
WABAG secures 850 Million INR Order for 5 Year Operation & Maintenance Contract in Oman :Al Duqm Desalination Plant O&M in Oman
News By Tags | #Industry #WABAG
WABAG secures 850 Million INR Order for 5 Year Operation & Maintenance Contract in Oman :Al Duqm Desalination Plant O&M in Oman

VA TECH WABAG (‘WABAG’), a leading pure play water technology Indian Multinational Group has secured an order worth around850 Million INR from Nama Water Services in the Sultanate of Omantowards Operation & Maintenance (O&M) of the Al Duqm Desalination Plant for a period of 5 years.

WABAG constructed this 8 MLD Desalination Plant over 10 years back and was responsible for the O&M of the Plant until 2018. This long term O&M order which has been won against international competition entails O&M of the Plant, the sea water intake and outfall systems. The water produced from this Plant will be used for domestic consumption in Duqm&Haima areas of Al Wusta Governorate.

Commenting on this order, Mr. Subramaniam M, Sales & Business Development Director – GCC said, “In line with our growth strategy, this new order addition in Oman, to our already strong O&M order book provides annuity income which helps us with improved cash flow and better revenue predictability.We thank Nama Water Services for their continued confidence in our capabilities and technical competence which has been key to winning this repeat order.”

 

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here