rediff.com

Kalpataru Projects Wins Aramco Gas Pipeline Contract

Share on:

By Rediff Money Desk, NEWDELHI   Mar 05, 2024 10:36

Kalpataru Projects International secures an order from Aramco to lay 800 km gas pipeline in Saudi Arabia, expanding the Master Gas System Network. The project will contribute to a diverse energy mix and meet growing energy demands.
Kalpataru Projects Wins Aramco Gas Pipeline Contract
New Delhi, Mar 5 (PTI) Kalpataru Projects International on Tuesday said it has secured an order from Saudi Arabia's energy major Aramco for laying 800 kilometres of gas pipeline.

Kalpataru Projects International Ltd (KPIL) has received the letter of intent (LoI) from Aramco for carrying out engineering, procurement and construction works for three packages of the third expansion phase of the Master Gas System Network (MGS-3) in Saudi Arabia, KPIL said in a statement.

The EPC work scope covers laying of over 800 kms of lateral gas pipeline, it said, adding that the value of the project will be confirmed upon contract execution.

MGS-3 project aims to expand the existing gas network to supply gas to various industrial consumers. This expansion is expected to enhance Aramco's ability to meet the growing energy demand in Saudi Arabia and replace liquid fuel burning, contributing to Saudi Arabia's drive towards a diverse energy mix.

Having roughly two decades of experience in cross-country pipelines, processing facilities, refineries and fertilizer plants, KPIL said it has commissioned over 10,000 kms of oil and gas and water pipelines and embraces best global practices in areas like project management, quality and health safety environment.

The latest EPC order represents a significant milestone and "reaffirmation of global acknowledgement of our capabilities. KPIL is focused on strengthening its presence in the oil and gas market in the Middle East region over oil and gas EPC business", Manish Mohnot, MD & CEO of KPIL, said in the statement.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

TODAY'S MOST TRADED COMPANIES

  • Company Name
  • Price
  • Volume

More »

Moneywiz Live!