Samsung Engineering wins USD 230 mn order from India

Posted By: Religare
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Samsung Engineering wins USD 230 mn order from India
Samsung Engineering Co., South Korea's largest industrial plant builder, has secured order worth USD 230 million from ONGC Petro-additions Ltd. (OPaL), a unit of India's state-run Oil & Natural Gas Corporation Ltd. (ONGC). The order comprises of constructing a high-density polyethylene (HDPE) plant in western India.

According to the order, Samsung Engineering would be constructing a plant having an annual production capacity of 340,000 tons of HDPE by August 2013. HDPE is a raw material, which is used for industrial film, pipes and paints. It is reported that the plant will be located in the special economic zone in Dahej, Gujarat Province.

Meanwhile, in February 2009, Samsung Engineering had entered into an agreement with OPaL for constructing an ethylene plant with an annual production capacity of 1.1 million tons in Dahej. The deal is targeted to be complete by December next year.

Read more about: ongc, infrastructure, sez, oil and gas
Story first published: Wednesday, May 4, 2011, 9:30 [IST]
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