Wednesday, March 05, 2025 | 12:55 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

EIL bags consultancy contract for Mongolia refinery

Image

IANS New Delhi

Engineers India Ltd (EIL) on Sunday signed a project management consultancy contract for 1.5 million tonne greenfield refinery in Mongolia.

A memorandum of understanding (MoU) was signed by EIL and Mongol Refinery State Owned LLC in the presence of Petroleum Minister Dharmendra Pradhan on the sidelines of the Petrotech 2019 that got underway at Greater Noida in the national capital region (NCR) on Sunday.

"India extended a $1 billion line of credit to Mongolia during the visit of Prime Minister Narendra Modi in 2015. The refinery is being built using that line of credit," Pradhan said.

"It marks a new height in bilateral relations," he said.

 

EIL has done a detailed feasibility study for the project, Pradhan added.

--IANS

bc/arm/pcj

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 10 2019 | 7:42 PM IST

Explore News