KKR-Backed OMS Signs Cable Laying Deal

30 Oct 2024 CW Team

The KKR-backed Malaysian group OMS has made significant strides in the maritime sector by signing a contract with a Dutch firm for the procurement of cable laying vessels. This agreement marks a strategic move aimed at enhancing OMS's capabilities in infrastructure development, particularly in the installation of submarine cables essential for various applications, including telecommunications and renewable energy projects.

The contract aligns with OMS's vision of expanding its operational footprint in the maritime industry, leveraging advanced technology and expertise from the Dutch firm. The collaboration is expected to not only bolster OMS's capabilities in cable laying but also improve overall operational efficiency in managing large-scale projects.

As demand for submarine cables continues to rise, driven by the increasing need for high-speed internet and renewable energy transmission, this partnership positions OMS to capitalize on emerging opportunities in the market. The investment in cable laying vessels will enable the company to meet the growing requirements of clients and enhance its competitiveness in the global maritime logistics landscape.

Moreover, this development highlights the importance of global partnerships in facilitating knowledge transfer and innovation within the industry. By collaborating with established players, OMS can implement best practices and advanced technologies that enhance its project execution and delivery capabilities.

In conclusion, the contract signed by KKR-backed OMS signifies a critical advancement in its journey to strengthen its position in the cable laying sector. As infrastructure demands grow, the partnership with the Dutch firm will play a pivotal role in enabling OMS to deliver effective solutions and contribute to the broader goals of infrastructure development and renewable energy expansion in the region.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..