Octopus Digital, subsidiary of Avanceon Ltd, awarded two-year extension to Dubai Metro contract

News Image

MG News | July 03, 2020 at 10:24 AM GMT+05:00

0:00

July 03, 2020 (MLN): Octopus Digital, a subsidiary of Avanceon Limited, has been awarded a two-year extension on its contract (approx. 2 million AED) to maintain and operate Dubai Metro.

Avanceon Limited has recently announced via notification to PSX that the maintenance contract for Dubai Metro will be valid through 2021.

The extension contract marks Octopus Digital’s first success as a wholly-owned subsidiary of Avanceon Limited.

The scope of maintenance services includes the iECS (Integrated Environmental Control Systems) and its related field devices installed at all 49 station buildings, 3 car parks & 3 rail depots as well as the Tunnel Controls Package.

As per the notification, the After-Market Support (AMS) arm of Octopus Digital has been maintaining operations for Dubai Metro since 2013.

 Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 169,864.53
309.70M
0.77%
1289.83
ALLSHR 102,725.13
871.92M
0.54%
553.85
KSE30 51,670.42
144.06M
0.97%
495.07
KMI30 244,230.82
127.19M
0.88%
2126.86
KMIALLSHR 67,141.83
400.81M
0.66%
438.06
BKTi 45,511.25
34.21M
0.74%
335.27
OGTi 33,787.05
15.45M
0.86%
288.90
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 90,330.00 0.00
0.00
-110.00
-0.12%
BRENT CRUDE 61.22 61.86
60.81
-0.06
-0.10%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
1.00
1.11%
ROTTERDAM COAL MONTHLY 97.30 97.30
97.30
0.90
0.93%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 57.53 0.00
0.00
0.09
0.16%
SUGAR #11 WORLD 15.10 15.27
14.83
0.25
1.68%

Chart of the Day


Latest News
December 14, 2025 at 09:53 AM GMT+05:00

SBP revises Directors’ fee caps


December 14, 2025 at 09:21 AM GMT+05:00

Weekly Market Roundup


December 13, 2025 at 10:44 AM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


December 12, 2025 at 08:12 PM GMT+05:00

Appellate Court Grants Stay to TRG


December 12, 2025 at 05:12 PM GMT+05:00

SCRA ends week above Rs33bn



Top 5 things to watch in this week

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