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Kalpataru Projects International Ltd. has received the Letter of Intent (LoI) from Saudi Aramco to carry out EPC work for three packages of the third expansion phase of the Master Gas System (MGS-3) network in Saudi Arabia.
The scope of the order covers laying of over 800 kilometers of lateral gas pipeline, it said in an exchange filing. Value of the contract will be confirmed once the execution is completed, the company said.
The MGS-3 project aims to expand the existing gas network to provide gas supply to various industrial consumers in the region. This is to meet the growing energy demand in Saudi Arabia and replace liquid fuel burning.
“This is a sizeable EPC order, representing a significant milestone and reaffirmation of global acknowledgement of our capabilities,” said Manish Mohnot, the company’s MD & CEO. “Moreover, this large order will strengthen our order book profile and put our oil …
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