IL&FS Engineering packs Rs 162.58 cr arrange from GAIL


IL&FS Engineering and Construction Company today said it has packed away Rs 162.58 crore arrange from GAIL for a pipeline in Bihar. 

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The building major "has gotten the Fax of Acceptance (FOA) from GAIL for laying and development of pipeline alongside related offices of segment II pipeline from Chainage 159.70 km to Receiving Terminal Cum Future IP Station-4 at Dobhi (Chainage 345.08 km.) for Phulpur-Haldia Pipeline Project (Phase 1B) in Bihar", according to a BSE documenting. 

The aggregate length of the pipeline is 185.38 km and the aggregate estimation of the agreement is Rs 162.58 crore. The venture is to be mechanically finished in 15 months from date of FOA and with extra 3 months for drying, appointing and GAS-IN. 

IL&FS Engineering Services as of late won a Rs 173.13 crore pipeline laying contract from GAIL for an area of Kochi-Koottanad-Bangalore-Mangalore Pipeline Project Phase-II in Kerala. 

The organization is likewise executing an EPC contract for Indian Strategic Petroleum Reserves (ISPRL), Ministry of Petroleum and Natural Gas, for laying of pipeline from Land Fall Point (LFP), Mangalore Port to Mangalore/Padur Cavern through Intermediate Valve Station (IVS) for capacity of raw petroleum.

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