Home THE DAILY EDGE Business Rotary Engineering up on $324.8m deal
Rotary Engineering up on $324.8m deal

Tags: Concord Energy | Rotary Engineering

Written by Reuters   
Wednesday, 27 October 2010 11:29
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Shares of Singapore oil and gas infrastructure services firm Rotary Engineering <ROTE.SI> rose as much as 5.8% on Wednesday after it won a US$250 million ($324.8 million) contract to build a facility in the United Arab Emirates.

At 0325 GMT, Rotary shares were trading up 4.2% at $0.995 on a volume of 3.6 million shares.
 
The engineering, procurement and construction contract to build a petroleum storage facility with a capacity of 1.1 million cubic metres in Fujairah was awarded by Singapore-based oil trader Concord Energy.
 
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Rotary Engineering up on $324.8m deal
Wednesday, 27 October 2010

Last Updated on Wednesday, 27 October 2010 11:31