Leading Engineering Procurement and Construction (EPC) company Essar Projects announced that it has bagged the contract for replacing 141 km of pipeline of 18-inch diameter in the Koyali-Viramgam section of Indian Oil Corporation's (IOCL) Koyali-Sanganer pipeline.
The contract is valued at more than Rs. 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.
"We are proud to be given the opportunity to work on a pipeline that has such a vital role in India's oil and gas sector. In fact, though falling oil prices have led to a slowdown in the global oil and gas industry and to deferment of many new projects, we are beginning to see some kind of a revival in India," said COO Essar Projects, AV Amarnath.
"The proposed gas grid and the infrastructure requirements that will go hand-in-hand with the adoption of Bharat Stage six 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 and gas pipeline segment, in which we have world-class expertise and proven track record," added AV Amarnath.
Essar Projects has established capabilities in designing, planning and executing complex pipeline projects involving oil and 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 and gas pipeline projects for diameters 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.
