Deals16 Aug 2024, 09:00 pm
JNK India Ltd Secures Major Order from Hindustan Petroleum Corporation Limited for Setting up New Process Plant
AI Summary
JNK India Ltd has announced a revised disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The company has received a Major* order from Hindustan Petroleum Corporation Limited (HPCL) for setting up a new Process Plant - HP TDAE (Treated Distillate Aromatic Extracts) unit on LSTK (Lump sum Turnkey) contract basis at HPCL Mumbai Refinery. The project, valued at over 500 crores, is expected to be completed in 14 months.
Key Highlights
- JNK India Ltd has received a Major order from HPCL for setting up a new Process Plant.
- The project is valued at over 500 crores, classifying it as a Major project under Regulation 30 of the SEBI Listing Regulations.
- The project is expected to be completed in 14 months from the date of the agreement.
- This order marks a significant milestone for JNK India Ltd, demonstrating its capabilities in executing large-scale projects.
- The company's strong relationship with HPCL and its track record in delivering projects on time are expected to benefit JNK India Ltd in executing this project.