Essar Projects Wins Contract For Replacement Of Indian Oil Pipeline
Essar Projects announced that it has bagged the contract for replacing 141 km of pipeline of 18-inch diametre in the Koyali-Viramgam section of Indian Oil Corporation’s (IOCL) Koyali-Sanganer pipeline. The contract is valued at more than INR 850 million, exclusive of the cost of pipes, which are being supplied by IOCL.
Originating at IOCL’s Gujarat Refinery in Koyali, Gujarat, the 1,056-km Koyali-Sanganer product pipeline is the company’s longest, and helps the oil PSU meet its supply commitments in central India. According to Mr AV Amarnath, COO, Essar Projects: “We are proud to be given the opportunity to work on a pipeline that has such a vital role in India’s oil & gas sector. In fact, though falling oil prices have led to a slowdown in the global oil & gas industry and to deferment of many new projects, we are beginning to see some kind of a revival in India. The proposed gas grid and the infrastructure requirements that will go hand-in-hand with the adoption of Bharat Stage 6 will present a number of opportunities for EPC players in the foreseeable future. This win is a new beginning for us and we want to pursue more projects in the oil & gas pipeline segment, in which we have world-class expertise and proven track record.”
Essar Projects has established capabilities in designing, planning and executing complex pipeline projects involving oil & gas, water and iron ore slurry. The company has a track record of laying over 5,500 km of pipelines through some of the toughest terrains in India, UAE and Madagascar. It has executed oil & gas pipeline projects for diametres ranging from 18 inches to 48 inches, as well lengths ranging from 100 km to 550 km. Essar Projects’ pipeline expertise is also backed by Essar Steel’s Hazira steel plant and pipe mill.
- Issued By:INDIAN OIL CORPORATION LIMITED
- Bagged By:
- Region:Western India
- Industry:Petroleum & Natural Gas
- Value:INR 850 Million
- Published On:2016-07-05