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Nordic Group wins new orders worth $48.7 mil

The Edge Singapore
The Edge Singapore  • 2 min read
Nordic Group wins new orders worth $48.7 mil
In its 1QFY2025 business update on June 30, Nordic had said its order book as of March 31 was $197.8 million
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Nordic Group Limited has won several contracts worth a total of $48.7 million from both new and repeat customers, the company announced on July 12.

In its 1QFY2025 business update on June 30, Nordic had said its order book as of March 31 was $197.8 million.

According to the company, its system Integration division secured contracts worth $7.8 million to make valves and actuators, control and tank gauging systems and electrical and instrumentation.

Its precision engineering division won orders worth $9.2 million for machining services and mechanical assembly.

Nordic's scaffolding and insulation and petrochemical & environmental engineering divisions received orders worth $5.3 million for scaffolding, insulation work and ad-hoc maintenance of certain environmental infrastructure.

The company's cleanroom, air and water engineering solutions division secured $25.1 million worth of ad-hoc, maintenance and hook up services.

See also: GRC wins HDB contracts worth $242.7 million

Last but not least, its structural engineering and construction services division secured ad-hoc projects of some $1.3 million mainly for engineering work related to the maintenance and installation of fuel storage systems.

Nordic says these contracts are not expected to have material impact on the consolidated net tangible assets per share and earnings per share for its current financial year.

Nordic Group shares last traded at 38 cents on July 11, up 2.74% for the day and up 7.14% year to date.

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