Contracts Awarded | August 2012
Punj Lloyd bags Rs 330 cr crude oil project
Punj Lloyd has bagged Rs 330 crore order from Ministry of Petroleum and Natural Gas for process facilities and utilities at an upcoming crude oil storage cavern in Mangalore.
Punj Lloyd has said that this is the first cavern project for the Group and has been awarded by Indian Strategic Petroleum Reserves (ISPR), a wholly owned subsidiary of Oil Industry Development Board, Ministry of Petroleum and Natural Gas. The project, located near Mangalore Refinery and Petrochemicals, is scheduled to be completed within a period of 29 months. The project involves engineering, procurement, construction and commissioning of systems for crude oil receipt, pumping out, metering, recirculation, heating, waste water treatment, utilities production, flaring and operation buildings, it added.