Indian company bags $14 mn contract in Egypt
19/08/2014 16:47
In a sign that India Inc. is gaining ground in overseas markets, an Indian company has emerged as a successful bidder in a World Bank-funded project in the Egyptian power sector. The project is valued at a whopping USD 14 million, a PTI report said on Monday. The company named Dee Development Engineers Ltd has bagged the contract from Egypt‘s East Delta Electricity Production Company for supplying critical piping and valves to a thermal power in Suez Governorate. The news that an Indian company has bagged a major power contract in Egypt brought delight to Navdeep Suri, India’s Ambassodor to Egypt. “We are delighted that Dee Development Engineers have won another important contract for a World Bank project in Egypt's power sector," India's Ambassador to Egypt Navdeep Suri said, according to the PTI. “This is in addition to earlier contracts to the tune of $250 million won by KEC, Kalpataru and Jyoti Structures for sophisticated power transmission systems in Egypt. The ability of Indian companies to win these contracts in the face of tough international competition shows that they can make an important contribution to Egypt's energy sector," he said, the PTI reported.
19/08/2014 16:47
In a sign that India Inc. is gaining ground in overseas markets, an Indian company has emerged as a successful bidder in a World Bank-funded project in the Egyptian power sector. The project is valued at a whopping USD 14 million, a PTI report said on Monday. The company named Dee Development Engineers Ltd has bagged the contract from Egypt‘s East Delta Electricity Production Company for supplying critical piping and valves to a thermal power in Suez Governorate. The news that an Indian company has bagged a major power contract in Egypt brought delight to Navdeep Suri, India’s Ambassodor to Egypt. “We are delighted that Dee Development Engineers have won another important contract for a World Bank project in Egypt's power sector," India's Ambassador to Egypt Navdeep Suri said, according to the PTI. “This is in addition to earlier contracts to the tune of $250 million won by KEC, Kalpataru and Jyoti Structures for sophisticated power transmission systems in Egypt. The ability of Indian companies to win these contracts in the face of tough international competition shows that they can make an important contribution to Egypt's energy sector," he said, the PTI reported.
