Perma-Pipe International Holdings (PPIH) said Friday it has received a contract award valued at more than $43 million for a development project to provide thermal insulation, anti-corrosion coatings and other services in the Gulf Cooperation Council region.
The project is expected to start in Q3 and Perma-Pipe will provide services from its Abu Dhabi facility, the company said.
Shares of the company rose 8.5% in recent trading.
Price: 14.52, Change: +1.14, Percent Change: +8.48
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