LAHORE: Pakistan’s leading large-scale engineering company, Descon Engineering Limited (DEL), records significantly high growth in revenues on the back of major projects in the domestic and overseas geographies as per its FY22 performance indicators, a statement said on Monday.
DEL engineered equipment for the oil and gas sector in Qatar, Iraq, Bahrain, the UAE, Oman, Eastern Europe and Pakistan. It also engineered equipment for the refineries in Saudi Arabia, Bahrain, the UAE, Yemen, Oman and Russia, it added.
The company’s engineering services arm, Descon Engineering Services and Technology (DEST), also performed well in serving the Saudi Arabian clients.
Buoyed by its overseas performance in the Middle East and Eastern Europe, DEL is now planning to establish a foothold in South East Africa, Central Asia and the Eastern Europe markets. It seeks to raise the bar in addressing the challenges of the industry.
DEL CEO Taimur Saeed said: “The year closing 2021/22 results are a testament of the dedication of our employees who delivered our projects and served our clients in difficult times. As the pandemic continues to linger, there is mounting pressure on our supply chain due to the commodity volatility. DEL will continue to leverage its services portfolio to boost its productivity and efficiency.”
“Our constant efforts will be to contribute to the socioeconomic development at home and abroad. For us, creating sustainable business growth goes hand-in-hand with our future strategic plans,” he added.
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