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Oman National Engineering wins OMR OMR1.5m contracts

Oman National Engineering wins OMR OMR1.5m contracts
The ten-month contract is worth OMR 2.039 million - Photo Credit: Company's Website
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Mubasher: Dhofar Power Company awarded Oman National Engineering & Investment Company two contracts worth OMR 1.47 million, according to a bourse filing on Sunday.

The contracts are to take effect as of 1 May 2017, the bourse filing revealed.

Earlier, Muscat Electricity Distribution Company SAOC granted the company a ten-month contract at OMR 2.039 million for constructing 3x20 MVA 33/11KV Primary substation at AL Amerat-2, a bourse filing revealed.

The company’s net profits after tax for the first nine months declined 38.82% year-on-year to OMR 932,370 from OMR 1.52 million.