Kalpataru Selected For EPC Contracts By Aramco For MGS-3 Project

Bengaluru, Tuesday, 05 March 2024: Kalpataru Projects International Limited (KPIL), announced that it has received Letter of Intent (LoI) from Saudi Arabia’s energy major, Aramco, for carrying out EPC work for three packages of the third expansion phase of the Master Gas System Network (MGS-3) in Saudi Arabia. The EPC scope covers laying of over 800 kms of lateral gas pipeline. The exact contract value of the three packages will be confirmed upon contract execution, mentions a press release issued by the company. 

The MGS-3 aims to expand the existing gas network in order to provide gas supply to various industrial consumers in the region. 

Manish Mohnot, MD & CEO, said, “We are delighted and truly proud to be entrusted by Aramco to undertake EPC work for the MGS-3 project. This is a sizable EPC order, representing a significant milestone and reaffirmation of global acknowledgement of our capabilities. KPIL is focused on strengthening its presence in the oil and gas market in the Middle East region over the past few years. This order serves as a resounding testament to our commitment to strengthen our presence across the value chain in the global 

oil and gas EPC business. Moreover, this large order will strengthen our order book profile and put our oil and gas business on a robust growth trajectory going forward. We are confident that once the project is completed, it will help support the energy transition in Saudi Arabia.”