(Alliance News) - Energy infrastructure company InfraStrata PLC said on Friday newly-bought Harland & Wolff (Belfast) Ltd has been awarded a new contract.
The contract, with an unnamed customer, is for Harland & Wolff to carry out an annual inspection and maintenance work. Harland & Wolff is the shipyard best known for building the Titanic.
Infrastrata said the contract starts December 20 and runs until January 2020 when the dockings are expected to end.
Infrastrata bought the Harland & Wolff shipyards off administrator BDO in October for GBP5.3 million.
John Wood, interim chair & chief executive said: "The award of this contract is a crucial milestone in the life-cycle of the company. The fact the completion of the acquisition of the assets of Harland & Wolff was immediately followed by a revenue generating contract validates this acquisition."
The company in a separate statement on Friday confirmed it has raised GBP210,210 in a share placing via the PrimaryBid platform. In mid-November, Infrastrata had targeted raising GBP1 million, on top of the GBP6 million raised to buy Harland & Wolff.
It has placed 70.1 million new shares at a price of 0.3 pence each. Shares in London-based InfraStrata were up 1.4% on Friday at 0.30p in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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