05 FEBRUARY 2016www.wallstreet.org
SNC-Lavalin awarded engineering contract by Emirates Global Aluminium
Edited by : AL CIRCLE
1 min read
SNC-Lavalin has been awarded an engineering services contract by Emirates Global Aluminium (EGA) to provide operations support services to EGA’s two aluminium smelters in the United Arab Emirates - namely Emirates Aluminium (EMAL) and Dubai Aluminium (DUBAL). SNC-Lavalin will provide engineering packages and manpower services to DUBAL and engineering and project management services to EMAL Engineering to ensure optimal delivery of a portfolio of projects and operations support. The mandate covers a period of three years, ending in July 2018.
The stock is up 4.22% or $1.65 after the news, hitting $40.76 per share. About 233,403 shares traded hands. SNC-Lavalin Group Inc has declined 8.32% since June 29, 2015 and is downtrending. It has underperformed by 1.02% the S&P500.
SNC-Lavalin Group Inc. is an engineering and construction company. The company has a market cap of $6.10 billion. The Firm operates through four divisions: Resources, Environment and Water ; Power; Infrastructure, and Infrastructure Concessions Investments (ICI). It has 4.16 P/E ratio. The Company’s REW segment includes projects from the Mining & Metallurgy, Oil & Gas and Environment & Water sub-segments.
The stock is up 4.22% or $1.65 after the news, hitting $40.76 per share. About 233,403 shares traded hands. SNC-Lavalin Group Inc has declined 8.32% since June 29, 2015 and is downtrending. It has underperformed by 1.02% the S&P500.
SNC-Lavalin Group Inc. is an engineering and construction company. The company has a market cap of $6.10 billion. The Firm operates through four divisions: Resources, Environment and Water ; Power; Infrastructure, and Infrastructure Concessions Investments (ICI). It has 4.16 P/E ratio. The Company’s REW segment includes projects from the Mining & Metallurgy, Oil & Gas and Environment & Water sub-segments.
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