Mumbai: Kalpataru Power Transmission today said it has bagged a Rs385-crore contract from HPCL-Mittal Energy joint venture for an oil pipeline project.
“Under the contract, the company would lay nearly 550 kilometers long pipeline of Mundra-Bhatinda Pipeline project for crude oil transportation between the two cities,” Kalpataru said in a filing to the Bombay Stock Exchange.
The oil pipeline is a part of Guru Govind Singh refinery, a joint venture project between state-run Hindustan Petroleum Corporation and L N Mittal-led Mittal Energy.
The pipeline project would be completed in 18 months from the date of award, Kalpataru added. Guru Govind Singh refinery is being developed at Bhatinda in Punjab.
Shares of Kalpataru Power and Transmission were trading at Rs233.25, up 2.46% in the late afternoon trade on the BSE.