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Essar Oil will supply high quality bitumen to infrastructure projects undertaken by L&T in Gujarat.
The two companies have signed a Memorandum of Understanding (MoU) for the purpose. The initial supply agreement is for 15,000 tonnes and is likely to be extended to other projects in and around the state.
Essar Oil has an existing relationship with L&T under which it supplied about 60,000 tonnes of bitumen over the last 18 months. This MoU is over and above the quantity earlier agreed to.
Essar Oil will supply bitumen for the Kandla-Mundra road project and the Samakhaiyali-Gandhidham road project from its Vadinar refinery.
This cooperation will soon be extended to projects such as the Kishangarh-Udaipur-Ahmedabad road project, among others, Essar Oil in a statement said.
Essar Oil has the capacity to produce over 700,000 tonnes of bitumen per annum.
“Essar Oil is fully geared to meet the supply for increased demand of high quality bitumen for road construction,” said Mr. S. Thangapandian, CEO- Marketing, Essar Oil.
L& has more than 15 road projects under various stages of construction/operations across states such as Gujarat, Maharashtra, Tamil Nadu, Karnataka, Haryana, Andhra Pradesh and Rajasthan.
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