Galfar Engineering and Contracting Company said its order book position is in the range of RO700 million by September 2012.
"We are expecting further award of many projects, which are already tendered. Our efforts towards improving performance levels continues and can be seen in the results published this quarter also," said Dr P. Mohammed Ali, vice-chairman and managing director of Galfar in the directors' report.Galfar will continue to focus on infrastructure projects, oil and gas, EPC (Engineering, procurement and construction) projects, roads, ports, airports and buildings.
Galfar will also continue to play its role as the leader in the construction industry — both in infrastructure works and oil & gas sector.The company has achieved a net profit of RO4 million for the first nine months of 2012, as compared to a profit of RO3.33 million for the same period last year.
The company has recorded a total income of RO237.46 million as against RO240.396 million during the period under review. In the third quarter of 2012, Galfar has been awarded new projects, totalling to RO47.136 million.
These are water distribution network at Rustaq for RO9.4 million, Mukhaizna Airfield Upgrade for Oxy for RO6.89 million, fishing harbour at Barka for the Ministry of Agriculture and Fisheries for RO10.91 million, a 132/33KV grid station at Ghala for OETC for RO10.3 million and a 132/33KV grid station at Al Kamil Al Wafi for OETC for RO9.51 million. Several other projects are likely to be awarded in the near future. As far as Indian operations are concerned, the company has submitted bids, which are the lowest, and are looking forward to these projects.
These are in the roads BOT sector. "We continue to select partners on a case to case basis, and the construction projects in hand are progressing very well."
Times Of Oman