(20 second reading) Kalpataru Projects has signed three contracts worth Rs. 7,550 crore with Saudi Aramco. The three contracts pertain to three packages of the third expansion phase of the Master Gas System Network (MGS-3) in Saudi Arabia.
The EPC scope of the order includes laying of over 800 kilometers of lateral gas pipeline. According to Kalpataru Projects, the MGS-3 aims to expand the existing gas network to provide gas supply to various industrial consumers in the region.
In financial year 2024, Kalpataru’s Oil & Gas business reported order inflow of Rs.7,953 crore and revenue of Rs 822 crore. As of March 31, 2024, the Oil & Gas business accounted for 16% of Kalpataru Projects’ overall order book worth Rs.58,415 crore.