Kalpataru Projects gets Letter of Intent from Saudi Aramco for three packages in Master Gas System Network

The $10 billion MGS-3 project by Aramco aims to expand the gas processing capacity. Earlier, it was reported that Larsen & Toubro (L&T) and Kalpataru Power Transmission Ltd emerged as the lowest bidders for MGS-3 Project. Kalpataru Projects International Limited (KPIL), formerly Kalpataru Power Transmission Limited has said that it has received a Letter of Intent (LoI) from Saudi Arabia’s energy major Aramco for carrying out EPC work for three packages of the third expansion phase of the Master Gas System Network (MGS‐3) in Saudi Arabia. The EPC scope covers the laying of over 800 kms of lateral gas pipeline. The exact contract value of the three packages will be confirmed upon contract execution. Kalpataru Projects and L&T had emerged as the lowest bidder for the MGS project, news reports said. Kalpataru, according to the report, was the lowest bidder for three packages.