Stock News: Metax Engineering wins 9.1 mln sgd contract!

Metax Engineering wins water treatment contract in India Metax Engineering Corp Ltd said it and partner Nuchem Ltd have won a contract to build and operate reverse-osmosis plants in India. In a statement, Metax said the contract worth 9.1 mln sgd was awarded by Mangalam-Eastern Water Recycling Company Ltd. Work on the treatment plant will start in the second quarter and the plants are expected to be fully operational by March 2007.