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Perma-Pipe International Holdings Announces $6.7M Contract Awarded In India
SPRING, TEXAS (BUSINESS WIRE)
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced its subsidiary Perma-Pipe India Pvt. Ltd. (PPIL) has been awarded a $6.7 million contract by JSIW Infrastructure Pvt. Ltd. (JSIW) for application of a thermal insulation system on pipe to be used for the construction of the 12” diameter, 74 km long Mangla crude oil pipeline. The skin effect heat traced and insulated crude oil pipeline is being developed by HPCL Rajasthan Refinery Ltd (HRRL) (a joint venture company between HPCL and the Government of Rajasthan). The pipeline is established for the purpose of constructing a new refinery and petrochemical complex in Pachpadra Tehsil of District Barmer in the state of Rajasthan. Engineers India Limited (EIL) is the project management consultant for the pipeline project.