Ranhill Worley wins RM210mil job from Saipem

PETALING JAYA: Ranhill Utilities Bhd’s subsidiary Ranhill Worley Sdn Bhd scores another big win with its US$50mil (RM210mil) contract award to perform detailed engineering design (Ded) from Saipem SpA of Italy, says MIDF Research.

The research house noted the latest contract almost doubles Ranhill Worley’s current order book of RM265mil and expands Ranhill’s overall services division’s order book by 24% to RM1.07bil.

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RanhillUtilities , RanhillWorley , Saipem , contract , orderbook , earningsprospects , watertariffhike

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