Deals7 Sept 2024, 12:31 am
Mazagon Dock Shipbuilders Ltd Secures INR 1486 Crore Contract from ONGC
AI Summary
Mazagon Dock Shipbuilders Ltd (MDL) has received a Notification of Award of Contract from Oil and Natural Gas Corporation Limited (ONGC) for Pipeline Replacement Project 8 Group A (PRP 8 Group A) on EPC reimbursable basis (OBE) at the ceiling price of INR 1486,40,32,996/- including all taxes and duties. The project is to be executed by 28.02.2026. MDL and ONGC are both government companies under the Government of India, and the order does not fall within related party transactions.
Key Highlights
- MDL secures INR 1486 crore contract from ONGC for Pipeline Replacement Project 8 Group A
- The contract is on EPC reimbursable basis (OBE)
- The project is to be executed by 28.02.2026
- MDL and ONGC are both government companies under the Government of India
- The order does not fall within related party transactions