Dubai: Indian Engineering, Procurement and Construction (EPC) companies have been awarded projects worth over $5 billion (Rs 3,3185 crore) during last two years in Kuwait.
According to the Indian embassy in Kuwait, in May 2015, Larsen & Toubro signed a contract worth $77 million (Rs 511.049 crore) with Kuwait National Petroleum Corporation (KNPC) to replace an old power substation at Al-Ahmadi Refinery in Kuwait.
In October 2015, Essar Projects Limited, in a joint venture with Italy’s Saipem SpA, won a contract worth $1.57 billion (Rs 10420.09 crore) from KNPC for setting up Al-Zour Refinery Project (ZOR) Package-4.
Many Indian companies are actively participating in the developmental projects of Kuwait, strengthening further ties between the two countries, it said.
In 2014, leading Indian companies viz. Larsen & Toubro (Ministry of Electricity and Water project and KOC’s Gas Gathering Centre GC 30 project), Shapoorji Pallonji (Al Sabah Hospital as well as Kuwait University Project), Dodsal (Gas Gathering Centre Project), Punj Lloyd (KNPC’s project of revamping the Ahmadi Fuel Depot) and Simplex Projects (for construction of Service Centers in Sabah Al Ahmad City) were awarded EPC contracts worth over $4.15 billion (Rs 27543.55 crore) in Kuwait.