Hyderabad-based Megha Engineering gets $648 mn contract in Mongolia
Upon completion, the refinery is expected to process 1.5 million metric tons of crude oil annually, catering to Mongolia's domestic demand for gasoline, diesel, aviation fuel, and LPG
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NEW DELHI (Reuters) - Hyderabad-based engineering firm Megha Engineering and Infrastructures Ltd (MEIL) said on Friday it has secured a $648 million contract in Mongolia.
"The company received a Letter of Agreement (LOA) for constructing a crude oil refinery plant valued at $648 million from Mongol Refinery State Owned LLC," a company statement said.
Upon completion, the refinery is expected to process 1.5 million metric tons of crude oil annually, catering to Mongolia's domestic demand for gasoline, diesel, aviation fuel, and LPG.
(Reporting by Sarita Chaganti Singh; Editing by Edmund Klamann)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Sep 29 2023 | 2:42 PM IST