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Tuesday, February 02, 2010

Boustead Singapore wins S$11m in contracts from power industry

By Georgina Josepg, Channel NewsAsia | Posted: 01 February 2010 2033 hrs

SINGAPORE: Boustead Singapore has clinched two separate contracts worth S$11 million from the power industry.

The first contract is from Lilama Corporation, one of the largest state-owned infrastructure engineering corporations in Vietnam.

It is also Boustead's first project in the Vietnamese power industry.

The second contract was awarded by Toshiba Plant Systems & Services Corporation for the installation and commissioning services related to an ongoing project in Central Java, Indonesia.

Boustead said the contracts are not expected to have a material impact on its earnings per share in the current financial year ending 31 March 2010. - CNA/vm

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