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EIL bags consultancy contract for Mongolia refinery

IANS  |  New Delhi 

Ltd (EIL) on Sunday signed a project management consultancy contract for 1.5 million tonne greenfield refinery in

A memorandum of understanding (MoU) was signed by and in the presence of on the sidelines of the Petrotech 2019 that got underway at Greater Noida in the national capital region (NCR) on Sunday.

"extended a $1 billion line of credit to during the visit of in 2015. The refinery is being built using that line of credit," Pradhan said.

"It marks a new height in bilateral relations," he said.

has done a detailed feasibility study for the project, Pradhan added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, February 10 2019. 19:42 IST