The JSC ''Stroytransgaz'' and "Essar Construction LTD", Indian "Essar Group" subsidiary company, have signed a memorandum of consent and cooperation within the framework of which the consortium has been created for the common work of both companies in the field of different sites construction on the territory of India and neighbour countries of the Middle East.
Monday, August 19, 2002
The JSC ''Stroytransgaz'' and "Essar Construction LTD", Indian "Essar Group" subsidiary company, have signed a memorandum of consent and cooperation within the framework of which the consortium has been created for the common work of both companies in the field of different sites construction on the territory of India and neighbour countries of the Middle East.
Mr. Mark Ertsman, Vice President of JSC "Stroytransgaz", and Mr. Paradkar, Executive Director of "Essar Construction LTD" company have signed the agreement. The construction of pipeline from Bayladila to Visag of 267 km long which will provide for the transportation of iron ore from the mine of Bayladila to metallurgical integrated iron-and-steel works plant of "Essar Steel LTD" company in Visag has been determined as a first project of mutual cooperation. The contract for construction of this project is being prepared at present.
