Boustead secures $38m in oil & gas sector contracts

JUST a week into the second half of its fiscal year ending March next year (FY2014), Boustead Singapore said yesterday that the value of contracts secured by the group since April has topped the $300 million mark, surpassing that for the whole of the preceding financial year (FY2013).

This came as Boustead announced yesterday that its energy-related engineering division had recently secured some $38 million in contracts globally from the oil & gas industries. This raised the unit's energy orders to above $140 million.

"The $140 million in energy orders so far significantly surpasses the value of energy orders secured for the whole of FY2013," said Wong Yu Loon, Boustead executive director responsible for the division. "The outlook for this division remains bright as we actively pursue enquiries globally to provide our specialist expertise in process heater systems, waste heat recovery units and process control systems."