IOC issues contract to Black & Veatch consortium worth Rs 1600 crore
|Company||Indian Oil Corporation Limited|
|Source||BS, July 09,’15|
Indian Oil Corporation Limited (IOC) has issued an EPC contract to Black & Veatch and consortium KSS Petron Pvt Ltd for a new liquefied natural gas (LNG) terminal at Ennore, near Chennai. The plant is scheduled to be completed by 2018. Approximate value of the contract is around Rs 1500-1600 crore.