KKR-Backed OMS Signs Cable Laying Deal
ECONOMY & POLICY

KKR-Backed OMS Signs Cable Laying Deal

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.

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.

Next Story
Infrastructure Urban

Macrotech acquires Bain Capital's stake in 3 entities for Rs 3 Bn

Realty firm Macrotech Developers has acquired Bain Capital's stake in three industrial and logistics park entities for Rs 3.07 billion as part of a strategy to enhance rental income. Macrotech Developers is one of the leading real estate firms in the country. It sells properties under Lodha brand. In a regulatory filing, the company informed that it has "executed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in the digital infrastructure platform entities (Bellissimo Digital I..

Next Story
Infrastructure Urban

Tata Steel reports Rs 7.59 Bn net profit in Jul-Sep

Tata Steel reported a net profit of Rs 7.58 billion for the September 2024 quarter, helped by lower expenses. It had posted a net loss of Rs 65.11 billion in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. In a separate statement, Tata Steel CEO and MD TV Narendran said the global operating environment remained complex, with key regions facing subdued growth. Macroeconomic conditions in China continued to weigh on commodity prices, including steel. In India, steel demand continued to improve, but domestic prices were under pressure due to chea..

Next Story
Infrastructure Urban

SC to verdict on Nov 7 on plea against NCLAT

The Supreme Court is scheduled to pronounce its verdict on a plea of State Bank of India (SBI) and other creditors challenging the National Company Law Appellate Tribunal (NCLAT) decision that upheld the resolution plan of grounded air carrier Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium (JKC). A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra will pronounce the verdict which was reserved on October 16. The NCLAT had on March 12 upheld the resolution plan of the grounded air carrier and approved the transfer of its ownersh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000