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Samsung Engineering wins $230 million order from India

Samsung Engineering wins $230 million order from India
PTI
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First Published: Wed, Jun 29 2011. 03 32 PM IST
Updated: Wed, Jun 29 2011. 03 32 PM IST
Seoul: South Korea’s largest industrial plant builder Samsung Engineering Co today won a $230 million order to build a petrochemical plant in Western India, reports said.
Under the deal with ONGC Petro-additions Ltd -- a unit of India’s state-run Oil & Natural Gas Corporation (ONGC) -- Samsung Engineering will complete the plant with an annual production capacity of 340,000 tonnes of high-density polyethylene (HDPE) by July, 2013, a Yonhap report said quoting the company.
HDPE is a raw material used for industrial film, pipes and paints.
The plant will be built at the special economic zone in Dahej, Gujarat.
The order, which is the eighth deal that Samsung Engineering has won in India as per the South Korean agency’s report, came at a time when company is set to complete an ethylene plant in the same region in December next year.
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First Published: Wed, Jun 29 2011. 03 32 PM IST