Babylon Pump & Power has landed a new $670,000 power generation and dewatering contract from mining giant BHP Billiton.
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Babylon Pump & Power’s strategy of adding broader maintenance works to its suite of pump rental services has led to it securing another $1m worth of contracts with work to start immediately.
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ASX listed Babylon Pump and Power’s strategy to add power generation to its suite of on site pumping services and products just got a shot in the arm with a $1.1m contract from Adenco to supply power generators to BHP Billiton’s Area C Surplus Water Pipeline Project in W.A.
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ASX-listed Babylon Pump and Power has reported $500,000 in revenues for the March quarter as the newly listed ASX company continues to ramp up its rental, rebuild and maintenance services in the revitalised WA mining sector.
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ASX-listed Babylon Pump and Power is sitting on a $3.3m war chest to fund further expansion in the mining, oil and gas service sectors, indicating that 2018 could be a standout year at the specialist pumping company.
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James Cullen has emerged as the major shareholder at new listing Babylon Pump & Power, which is led by Michael Shelby, formerly general manager at Mr Cullen's former company Resource Equipment.
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