Construction & Real Estate

India's Kalpataru Projects wins $417m UAE gas pipeline project order

MUMBAI
India's Kalpataru Projects wins $417m UAE gas pipeline project order

India's Kalpataru Projects International has announced that it has received a Letter of Award (LoA) to provide engineering, procurement and construction (EPC) services for a gas pipeline project in UAE.

With this contract win in the transmission and distribution (T&D) and buildings and factories sector, valued at over Rs40 billion ($417 million), the company has reinforced its capabilities and robust track record in the global oil and gas sector, it stated. 

Announcing the key achievement, Manish Mohnot, the Managing Director & Chief Executive Officer said: "We are delighted to secure this prestigious international project, which reinforces our proven capabilities and robust track record in the global Oil and Gas sector. This win stands as a powerful testament to our technical expertise, operational excellence and capability to scale global operations."

"We are pleased with these new order wins in our T&D, B&F, and Oil & Gas businesses. We have secured orders worth Rs13.2 billion so far in the current fiscal year (YTD FY27)," stated Mohnot.

"Additionally, we are favorably placed / L1 for orders exceeding Rs12 billion, giving us strong confidence in achieving our targeted growth numbers," he added.-TradeArabia News Service