Felix Industries’ Subsidiary Secures Landmark Hazardous Waste Management Contract in Oman
Felix Industries Limited's subsidiary, Felix Industries LLC, Oman, has secured a significant contract with OQ8 (Duqm Refinery and Petrochemical Industries Company L.L.C.) in Oman. The agreement covers the comprehensive treatment, recycling, and environmentally safe disposal of hazardous waste, marking a major strategic milestone for the group.The contract award strengthens Felix Group's international footprint in the environmental management and hazardous waste treatment industry. The achievement reinforces the company's reputation as a technically competent partner capable of delivering sustainable, safe, and regulatory compliant waste management solutions in line with global best practices.
Under the terms of the contract, Felix Industries LLC, Oman, shall execute end-to-end hazardous waste management activities. These activities include collection, transportation, treatment, recycling, recovery, and environmentally safe disposal of hazardous waste generated by the refinery operations.
The scope of the contract requires the receipt, treatment, and environmentally safe disposal of hazardous waste, with adherence required to all applicable national laws, regulatory requirements, and international environmental, health, and safety standards.
| Detail | Description |
|---|---|
| Contract Awarding Entity | OQ8 (Duqm Refinery and Petrochemical Industries Company L.L.C.), Oman |
| Nature of Services | End-to-end hazardous waste collection, processing, and recycling activities. |
| Contract Term | 3 years |
| Estimated Contract Value | Approximately OMR 26,00,000 |
| Projected Revenue Potential | Expected to generate minimum revenue of around ₹60 crore |
The contract provides long-term operational and revenue opportunities. The company is expected to generate revenue from two primary streams: waste collection services and value recovery from recycled materials.
The estimated contract value of OMR 26,00,000 is based on the type and quantity of available material, and the revenue generation model includes deriving further value from recycled outputs generated from the collected waste.
FELIX Stock Price Movement
Shares of Felix Industries Limited are edging higher to ₹210 as of 9:54 AM, rallying robustly and gaining 7.28% in live trading. The stock's positive momentum is supported by notable activity, with traders handling a volume of 17,500 shares so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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