Avanceon Ltd signs contract worth Rs100 million with a major natural gas supplier in Pakistan

News Image

MG News | September 21, 2020 at 02:52 PM GMT+05:00

September 21, 2020 (MLN): Avanceon Limited and its subsidiary Avanceon FZE have signed Supply, Installation, Maintenance and Upgradation Contracts worth over 100 Million PKR with a major supplier of natural gas in Pakistan. Avanceon will be providing a wide range of services to install, maintain and upgrade critical systems at multiple gas fields.

According to a notification issued to PSX in this regard, the projects will include Avanceon’s first Service Level Agreement (SLA) for Schneider Foxboro I/A Series Distributed Control Systems which will be serviced by the After-Market Support (AMS) division.

This is a major success for Avanceon’s AMS portfolio as previously the customer engaged the OEM directly for support and SLAs. Avanceon is a certified Alliance Partner of Schneider Electric and has proven its technical expertise across various portfolios. The SLA will be for one year and will conclude in 2021.

The scope of work for Avanceon will include,

· Supply of Material (Hardware and Software)

· Project Engineering, Management, System Engineering and Configuration with Factory Acceptance and Site Acceptance Tests

· Onsite Commissioning and Start Up Services.

· Installation and Integration Services and Commissioning of Supplied Materials

· Operational & Maintenance Training for the customer at Avanceon facility

· Commissioning of Performance Guarantee Test (PGT) and Performance Reliability Test (PRT)

Avanceon will also provide the following services for a critical exploration well for the customer.

· Design, Supply & Installation of PLC SCADA System

· Design, Supply & Installation of Solar System

· Pre-Commissioning, Commissioning and Engineering Services

‘The series of projects are a major step forward for Avanceon’s Oil & Gas and AMS portfolio. The projects are currently underway and will be commissioned within the agreed timeframe’. the notification added.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 168,155.49
146.93M
-0.29%
-481.36
ALLSHR 101,821.25
491.54M
-0.27%
-275.83
KSE30 50,151.61
66.23M
-0.22%
-111.06
KMI30 240,694.06
56.00M
-0.34%
-821.69
KMIALLSHR 65,906.19
236.46M
-0.35%
-230.83
BKTi 46,796.32
10.20M
-0.20%
-94.16
OGTi 34,362.14
4.89M
0.39%
134.82
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 84,540.00 87,700.00
84,185.00
-485.00
-0.57%
BRENT CRUDE 102.81 103.04
98.40
0.50
0.49%
RICHARDS BAY COAL MONTHLY 128.50 0.00
0.00
0.50
0.39%
ROTTERDAM COAL MONTHLY 140.00 143.25
140.00
-3.90
-2.71%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50
0.00
0.00%
CRUDE OIL - WTI 91.44 93.51
88.06
-1.43
-1.54%
SUGAR #11 WORLD 19.91 19.96
18.93
0.97
5.12%

Chart of the Day


Latest News
October 02, 2026 at 11:56 PM GMT+05:00

Petrol price rises by Rs2.10, diesel by Rs0.30 per litre


October 02, 2026 at 05:03 PM GMT+05:00

PSX Closing Bell: Just Under the Line


October 02, 2026 at 04:58 PM GMT+05:00

PKR gains 3 paisa against USD


October 02, 2026 at 04:22 PM GMT+05:00

Trade gap widens to $3.56bn in September



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg