Welspun Secures Rs 706 Crore Pipeline Order from IOCL
Mumbai-based welded pipeline manufacturer Welspun Corp Ltd. has secured a Rs 706 crore order from Indian Oil Corporation Limited (IOCL). This order is for about 48,000 Metric Tonne of pipelines for a section of the Mundra-Panipat Crude Oil Pipeline (P25) Project. This order is set to be completed in the current financial year.
The P25 project has been planned to transport crude oil from the Mundra port in Gujarat to IOCL’s refinery in Panipat, Haryana. In this project, a new pipeline system of 17.5 Million Tonnes Per Annum (MTPA) capacity will be set up for this purpose.