One more extension for Central India Pipeline

Vol 6, PW 3 (10 Apr 02) News in Brief
     

No such luck for Petronet-India's planned cross-country Central India Pipeline, where progress is slow.

We learn an extension has been given till end-April. "Reliance asked for three weeks extension," reveals a source.

"So we had no choice but to give it to all three bidders." This extension, we are told, will be the last. Reliance is hot favourite to Build Own Operate and Transfer this 1,760 km west-east pipeline, expected to cost Rs2, 450cr ($510m) and billed as India's longest petroleum products pipeline.

An earlier extension expired on 2nd April when the three technically qualified bidders Reliance Industries, Larsen & Toubro and Sun Securities-OAO Stroytransgaz-Gazprom should have asked for clarifications on the BOOT concessionaire document.