Rolta Wins Multi-Million Dollar Follow-on Award for Engineering Systems for Sadara, Saudi Arabia
MUMBAI, India, July 21, 2014 /CNW/ - Rolta announced today that it has been awarded an additional scope of work by Sadara Chemical Company (Sadara) to implement a comprehensive Engineering Information System within Sadara's Jubail integrated chemical complex. This multi-million dollar award of additional scope is an amendment to the contract which was awarded earlier and which was also multi-million dollars in value. Rolta was selected for this challenging project based on its unique combination of world class capabilities in Engineering and Information Technology (IT). The project is being managed by a global Rolta team working out of the United States, India and Saudi Arabia.
Sadara represents a unique alliance between Saudi Arabian Oil Company (Saudi Aramco), one of the leading energy suppliers to the world, and The Dow Chemical Company (Dow), a leading science and technology company of the world. With a total investment of about US$20 billion, Sadara is now building and will own and operate an integrated chemical complex in Jubail Industrial City II in the Kingdom of Saudi Arabia. Comprised of 26 world scale manufacturing units, the Sadara complex will possess flexible cracking capabilities and will produce over 3 million metric tons of high value-added chemicals and performance plastics products.
Rolta has been leveraging its in-depth knowledge of engineering work processes, application systems, IT and systems integration to provide an extensive suite of engineering solutions designed to support Process Engineering, Technical Support, Process Automation and Control, Asset Integrity, Analytical Lab and Standards, and Document Management.
"Successful implementation of the Engineering System is vital to the support and efficient operation of the Sadara Complex," said Taher Nemer, Project Manager Manufacturing & Engineering Systems, Sadara Project. "We have partnered with Rolta on this challenging project because they've demonstrated the breadth of their sophisticated engineering IT expertise and have proven global delivery capabilities that are required for such an important project."
Mr. K. K. Singh, Chairman and CEO of Rolta commented, "We are very pleased to have been able to demonstrate our superior performance during the initial phase and win the customer's confidence for the second phase of work. Rolta is fully committed to the success of this important project."
About Rolta: Rolta is a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense, Homeland Security, Utilities, Oil & Gas, Financial Services, Manufacturing, Retail, and Healthcare. By uniquely combining its expertise in the IT, Engineering and Geospatial domains, Rolta develops exceptional solutions for these segments. The Company leverages its industry-specific know-how, rich repository of field-proven intellectual property that spans photogrammetry, image processing, geospatial applications, Business Intelligence, Big Data analytics, Cloud computing, and Software Defined Infrastructure for providing sophisticated enterprise-level integrated solutions. Rolta is a multinational organization headquartered in India. The Company operates from 40 locations worldwide through its subsidiaries, and has executed projects in over 45 countries. Rolta is listed on the Bombay Stock Exchange and National Stock Exchange. The Company's GDRs are listed on the Main Board of London Stock Exchange. The Company's 'Senior Notes' are listed on Singapore Stock Exchange.
Disclaimer: This press release includes statements that are not historical in nature and that may be characterized as "forward-looking statements", including those related to future financial and operating results, benefits and synergies of the Company's brands and strategies, future opportunities and the growth of the market for open source solutions. You should be aware that Rolta's actual results could differ materially from those contained in the forward-looking statements, which are based on current expectations of Rolta management and are subject to a number of risks and uncertainties, including, but not limited to, Rolta's ability to integrate acquired operations and employees, Rolta's success in executing its strategies, Rolta's ability to take a competitive position in the industry, business conditions and the general economy, market opportunities, potential new business strategies, competitive factors, sales and marketing execution, shifts in technologies or market demand, and any other factors. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
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