|The company was incorporated on 29th September, 1988 as a Public Limited company and Certificate of Commencement of business was obtained on 4th January, 1989. The immediate object of the company is to undertake a project for the laying of two cross country pipelines from Bharat Petroleum Corporation Ltd.'s (BPCL) Refinery at Chembur in Bombay, Maharashtra to Reliance Industries Limited (RIL) Petrochemicals complex at Patalganga also in Maharashtra to transport petroleum feedstock from BPCL for the exclusive use of RIL.
The pipelines would be owned, maintained and operated by the company under an agreement entered into with RELIANCE Industries Limited (RIL). The pipelines would be used for transport of their petroleum feedstock.
At a later stage subject to necessary approvals, the company also proposes to undertake similar projects of creating infrastructure to service industries.
BACKGROUND OF PROMOTERS
The company has been promoted by Shri Satyapal Jain and associates. Shri Satypal Jain has over 12 years of experience in the iron and steel industry besides transport business. He is at present the Managing Director of Comet Steels Limited and a Director on the Board of Sipta Coated Steels Ltd.