Boustead division wins $50 million in contracts

Boustead Singapore's energy-related engineering division has won global contracts from oil and gas industries worth more than $50 million, it said on Wednesday.

The contracts involve the design, process engineering and supply of process heater

systems, and waste heat recovery units to energy developments in Africa, Asia and Europe.

The energy-related engineering division has secured more than $200 million in oil and gas contracts to date in the 2014 financial year.

This exceeds the $111 million in oil and gas contracts secured by the division for the entire 2013 financial year.

Another Boustead unit, Boustead Salcon Water Solutions, won a multi-million-dollar contract in Indonesia, as announced on Tuesday.

The latest contracts have raised the group's order book to more than $450 million.

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