HMS Group (HMSG.L) announced Monday that it has signed a contract for manufacturing and delivery of a compressor station worth 1.254 billion Russia Rubles or US$40 million.
Under the contract, HMS Group will deliver the associated gas compressor station on a customer's site.
The station, based on three turbo compressors designed and manufactured by Kazancompressormash or KKM, to be installed at an oil and gas processing plant. Besides compressor units, the scope of supplied equipment includes a fuel gas conditioning package, separator facilities, heat ventilation and air conditioning systems, tanks and vessels, fire fighting skids and other equipment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.