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GAIL cancels tender over policy to buy local steel

Value of the project was Rs 1,200 cr

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Ishita Ayan DuttJyoti Mukul Kolkata | New Delhi
GAIL has cancelled the tender for procurement of steel for its Jagdishpur-Haldia pipeline to give preference to local manufacturers.
 
The 700-km pipeline for the Bokaro-Dhamra section had a steel component of 170,000 tonnes and the value of the project was Rs 1,200 crore, sources said.
 
North China Petroleum Steel Pipe Co was the L1 bidder for more than 85 per cent of the steel supply for the project.
 
GAIL’s cancellation is in line with an official notification on May 8 for providing preference to locally manufactured steel in government procurement. The policy is applicable to all government