![[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!](https://businessfortnight.com/wp-content/uploads/2025/10/Toyota-Times-Century-as-a-Brand-Lexus-as-Innovation-All-218x150.jpg "[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!")
- MEIL to build Open Art Units, Utilities & Offsites, Plant Buildings & captive energy crops
- Value of the undertaking is USD 790 million
HYDERABAD, India, Nov. 3, 2022 /PRNewswire/ — Megha Engineering & Infrastructures Limited (MEIL) has obtained the LOA for the Mongol Refinery Project, which entails constructing Mongolia’s first oil refinery. According to the EPC deal, MEIL will build this new refinery in Mongolia.
MEIL will build EPC-2 (Open Art Units, Utilities & Offsites, Plant Buildings) and EPC-3 (Captive Power Plants) at a value of USD 790 million utilizing superior know-how in Mongolia.
The undertaking is a part of the Development Partnership Administration initiative of the Ministry of External Affairs (MEA), Government of India. It will be constructed utilizing a line of credit score from the Government of India.
Engineers India Limited (EIL) is the Project Management Consultant (PMC) for this G2G partnership undertaking.
In the years to return, this refinery will open up quite a lot of employment alternatives, supporting the progress of close by small industries, and thereby resulting in Mongolia’s financial growth.
According to MEIL’s spokesperson, “This downstream project is of enormous importance and marks a critical turning point in the relationship between India and Mongolia and in MEIL’s expansion strategy in the hydrocarbons sector. In addition, the project will bring economic prosperity and energy independence to Mongolia.”
About the Mongol Refinery Project
To reduce Mongolia’s dependency on oil imports from Russia, the nation is developing its first greenfield oil refinery —- the Mongol Refinery. A pipeline and an influence plant are a part of the refinery’s operations. Once accomplished, this refinery will be capable to course of 30,000 barrels of crude oil per day or 1.5 million tonnes yearly. This will cut back Mongolia’s dependency on Russian gasoline and will assist the nation meet its wants for petroleum merchandise like gasoline, diesel, aviation gasoline, and liquefied petroleum fuel (LPG).
About MEIL
Megha Engineering and Infrastructures Ltd. (MEIL), based in 1989 is one among India’s high infrastructure corporations with the quickest progress. It has made its mark throughout 20 international locations in the final three a long time. The firm operates in the sectors of Oil and Gas, Defence, Transport, Irrigation, Power and Telecom. MEIL has been actively concerned in India’s Nation-building programme. Nation first has been its motto since its inception. It has constructed a few of India’s iconic tasks over the years. Each of those tasks has considerably impacted the high quality of lives of individuals and will proceed to influence lives for years to return.
Photo: https://mma.prnewswire.com/media/1937299/MEIL_Mongol_Refinery_agreement.jpg
Logo: https://mma.prnewswire.com/media/958718/MEIL_Logo.jpg
