Perma-Pipe International Holdings Announces $6.7 Million Contract Awarded in India
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) announced that its subsidiary, Perma-Pipe India Pvt. Ltd. (PPIL), has secured a $6.7 million contract with JSIW Infrastructure Pvt. Ltd. to apply a thermal insulation system on a 74 km crude oil pipeline for HPCL Rajasthan Refinery Ltd. The project, utilizing TRACE-THERM™ insulation, is set to commence in Q1 2021 at PPIL's facility in Gujarat. The pipeline will support a new refinery and petrochemical complex in Rajasthan. Executives expressed optimism about the project, highlighting the company's commitment to quality solutions.
- Award of a $6.7 million contract for the Mangla crude oil pipeline project.
- Utilization of Perma-Pipe’s advanced TRACE-THERM™ insulation system enhances project credibility.
- Execution to begin in first quarter 2021, showcasing timely project initiation.
- None.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced its subsidiary Perma-Pipe India Pvt. Ltd. (PPIL) has been awarded a
The project will utilize Perma-Pipe’s TRACE-THERM™ insulation system which is designed to ensure optimum heat management during the life of the pipeline. The system will have welded tracer tubes for heat tracing and spray-applied polyurethane foam jacketed with a high-density polyethylene casing. Prior to application of the insulation system, an anti-corrosion coating will be applied on tracer tubes and bends in Perma-Pipe’s newly commissioned custom coating facility. The project will begin execution in Perma-Pipe’s Gandhidham, Gujarat, India facility in the first quarter of 2021.
Rakesh Thakur, General Manager for Perma-Pipe India, states, “Perma-Pipe is excited to begin a new association with HRRL and EIL through this project by JSIW and is looking forward to working with them more in the future. PPIL always endeavors to give high quality insulation solutions to the various sectors it serves and is proud of being part of India’s developmental journey.”
Grant Dewbre, Sr. Vice President for Perma-Pipe’s region including the Middle East, Africa, and India, states, “We are grateful for the trust placed in us by JSIW, HRRL, and EIL and I am fully confident that we will exceed their expectations during the execution of the project.”
David Mansfield, President and CEO, commented, “This is a significant award for PPIL and the Perma-Pipe group. We are pleased to see projects in India and elsewhere moving forward during these challenging times.”
Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at thirteen locations in six countries.
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