Engineers India secures $450M contract for Kenya refinery
pre-market1 source ↓written by the desknot a recommendation
- with Aliko Dangote
- $450 million contract
- refinery in Lamu
- $16 billion
- a capacity
- 700,000 barrels per day
Engineers India Ltd. has signed a $450 million contract with Aliko Dangote to oversee the construction of a $16 billion refinery in Lamu, Kenya. This project will have a capacity of 700,000 barrels per day, positioning Engineers India at the operational core of one of Africa's largest energy infrastructure projects.
The deal underscores the firm's significant role in the energy sector, potentially enhancing its market position and investor sentiment.
Not investment advice. For informational purposes only.