Chennai: City-headquartered EDAC Engineering has announced that its joint venture in Malaysia has won a long-term maintenance contract from Petronas.
STS EDAC Engineering SdnBhd (STS EDAC JV), a joint venture between EDAC Engineering Limited (EDAC), India and Science Tech Solutions SdnBhd (STS), Malaysia was awarded the contract by Petroliam Nasional Berhad (Petronas), Malaysia’s National Oil & Gas Company, said a release.
The contract re-affirms EDAC Engineering’s continuous focus on building high-end engineering and project management skills to service world-class clients across critical sectors like energy, power and manufacturing, said the frim in its release.
Chairman, AM International Group, Singapore and principal investor of EDAC, Ashwin Muthiah, said, “It is a privilege to partner with Petronas, one of Asia’s admired and giant national integrated oil and gas companies. Additionally, we have found a like-minded local partner in STS whose joint efforts is driving our success. We believe the ability to run complicated maintenance contracts for the efficient running of world-class energy assets like that of Petronas is proof of our engineering-led people strengths. I look forward to the company continuing in replicating similar successes for its customers both in India and globally.”
The firm was awarded the MYR 440-million long-term maintenance Contract by Petronas on the basis of competitive bids from over one hundred participants (both within Malaysia and outside Malaysia).