Cals Refineries and the Hardt group has awarded Saipem, Italy, a subsidiary of Eni S.p.A., and one of the largest and best balanced turnkey contractors in Oil and Gas industry, the detailed feasibility report for the 200,000 Barrels per day refinery project at Haldia, West Bengal.
The Company will award Saipem the lump sum Engineering-procurement-Construction -Commissioning (EPCC) contract for the Project if the parties would reach an agreement on the terms of proposed feasibility report within 80 days.
Cals Refineries’ business strategy is to create an independent value-added integrated refining / petrochemical business with significant economies of scale and operational efficiency, producing world-class refining and petrochemical products with competitive domestic and international marketing strategy.
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