Kewanuee Scientific Wins $17M Contract From Dangote Oil Refinery

Kewanuee Scientific Corp's KEQU Indian subsidiary has secured a $17.3 million contract from Dangote Oil Refinery Company Limited for laboratory furniture and equipment.
The Dangote Oil Refinery is a 650,000 barrels per day integrated refinery project under construction in the Lekki Free Zone near Lagos, Nigeria.
The Dangote Oil award will be reflected in the company's order backlog when it reports earnings for Q4. The company's order backlog was $138.1 million on January 31, 2022.
The company expects the Dangote Oil project to be reported within its International Segment and delivered over the next eighteen months.
Price Action: KEQU shares closed higher by 0.21% at $14.19 on Wednesday.