Voltas issues statement on Dubai exposure
In the wake of the financial crisis in Dubai, Voltas has issued a atstement saying that it has no exposure in Dubai apart from Burj Dubai. Even the Burj Dubai project is expected to be completed in a month’s time. There are no outstandings from the Burj Dubai project, the statement said.
The Company also informed that Voltas’ International Operations has an order book of Rs.3100 crores relating to jobs primarily in Abu Dhabi and Qatar in addition to Singapore. In fact, Voltas has taken care not to book any new orders in Dubai over the last year, the statement added.