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McNally Bharat Engineering Company JV SPV wins contract worth Rs 2048 crore

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For Sohar Bitumen's Bitumen Refinery in Sohar, Muscat

McNally Bharat Engineering Company announced that the Company in its recently formed 50 : 50 SPV with EMC Group in Muscat, Sultanate of Oman, received a contract for Construction, detailed engineering, construction supervision, mechanical commissioning and supply for a value of US$ 315 million (Rs. 2048 crore approximately) from Sohar Bitumen LLC in Oman for their Bitumen Refinery in Sohar, Muscat, Sultanate of Oman.

The share of MBE in the said order shall be US$ 157 million (Rs. 1024 crore approximately). The delivery period of the project is 24 months from the date of receipt of advance from the customer.

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First Published: Thu, October 15 2015. 10:04 IST