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Indian contractor Megha Engineering and Infrastructure (MEIL) has been awarded a $648m contract to build Mongolia’s first greenfield oil refinery.
The new plans come as the duo’s $1 billion investment proposal submitted to DPIIT an equal JV is yet to secure approval
Hyderabad: Infrastructure major Megha Engineering and Infrastructures Limited (MEIL) has bagged its third project in Mongolia.
Upon completion, the refinery is expected to produce 1.5 million tonnes of crude oil annually, catering to Mongolia’s domestic demand for gasoline, diesel, aviation fuel, and LPG.
Hyderabad-based engineering firm Megha Engineering and Infrastructures Ltd said on Friday it has secured a $648 million contract in Mongolia.... -September 29, 2023 at 04:41 am EDT - MarketScreener