Oil and Natural Gas Corporation Limited (ONGC) has recently awarded a contract to Mazagon Dock Shipbuilders Limited for the Part Replacement of Pipeline Project (PRPP). The Notification of Award of Contract was officially placed on December 07, 2023. This project will be executed on a turnkey basis, and the total lump sum price for the contract is set at INR 11,45,10,47,012.06 (INR Eleven Hundred Forty-Five Crores Ten Lakhs Forty-Seven Thousand and Twelve and Six Paisa only), inclusive of all taxes and duties.
It's noteworthy that both Mazagon Dock Shipbuilders Limited and ONGC are government companies, falling under the definition of Section 2(45) of the Companies Act, 2013, under the Government of India. This collaboration underscores the commitment of these government entities to strategic partnerships and reinforces their roles in vital sectors such as energy and shipbuilding.
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