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Jacobs Wins Reliance Industries Contract

Stocks in this article: JEC

Jacobs Engineering Group Inc. (NYSE:JEC) announced today it has been selected by Reliance Industries Limited (RIL) to provide engineering and procurement assistance services for the construction of a Mono Ethylene Glycol (MEG) plant at the Jamnagar refining and petrochemical complex in Gujarat, on the West Coast of India.

Jacobs Group Vice President Allyn Taylor stated, “We appreciate Reliance’s confidence in us for this significant portion of its petrochemical expansion project at the Jamnagar complex. The assignment further advances our long term relationship with Reliance and our presence in India. We are committed to delivering a high level of service and value on this project."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2011 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.



Copyright Business Wire 2010

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