Good news for Vietnamese oil and gas company: Received an additional 3 trillion VND order from India

The Metal Structure and Oil Machinery Construction Joint Stock Company (PXS) has just announced an order from Mazagon Dock Shipbuilders Limited in India. This order involves providing fabrication, procurement of materials, and launching components for the ONGC WPAPP, DSF-II project, with a total value of nearly 116 million USD (approximately 3 trillion VND). Currently, PXS shares are trading at 2,900 VND/share. Additionally, at the annual shareholders’ meeting on June 16, 2025, the business plan for 2024 was approved, targeting a revenue of 725 billion VND and a net profit of 12.2 billion VND.

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