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Megha Engineering emerges lowest bidder for Lakwa oilfield revamp project

Tuesday, 02 Sep 2008
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Megha Engineering & Infrastructure (MEIL) has emerged the lowest bidder for Oil & Natural Gas Corporation's Rs.2,400 crore revamping of oil and gas production facilities at the Lakwa oilfields in Assam.

The project will involve design and construction of captive power plants. It also included design and execution of highest-capacity gas compression facilities, establishment of gas separation plants and oil effluent treatment plants.

Meanwhile, Megha Fibre Glass Industries, a subsidiary of MEIL, has set up a Rs.200 crore glass-fibre reinforced plastic (GRP) pipes manufacturing unit. The unit will add two more production lines with a total investment of Rs.500 crore and is expected to commence production from 06 September 2008.

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