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Minaean Receives Purchase Order For Construction of Retail Outlets at Gas Stations in Karnataka, India
Minaean Receives Purchase Order For Construction of Retail Outlets at Gas Stations in Karnataka, ...
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[{"type":"text","content":"\nMinaean Receives Purchase Order For Construction of Retail Outlets at Gas Stations in Karnataka, India\n\n\n Oct. 26, 2010 (Filing Services Canada) -- Minaean International Corp.  (MIB - TSX Venture, NJA - FWB, NJA - BSE), is pleased to announce that its wholly owned subsidiary, Minaean Habitat (India) Pvt. Ltd. (\"MHI\"), has received a Purchase Order from Bharat Petroleum Corporation Limited (\"BPCL\") for the supply and installation of 45 modular retail shop buildings for gas stations.  The order is to be executed as per BPCL's requirements over a period of 12 months.  This order comes after the successful execution of a trial order for four retail outlets in the states of Karnataka and Maharashtra and a two story retail outlet, the first of its kind, making it another milestone in the Company's growth strategy.  Minaean has been supplying such prefabricated modular retail outlets to oil and gas companies since 2006. After MHI successfully executed a contract with Shell Petroleum, the Company has been consistently receiving orders from Indian Oil Corp. and BPCL. This is the second largest order MHI has received after it completed execution of a contract for 65 modular retail shop buildings for Shell in 2008. BPCL is India's 2nd largest retail gas supplier and is a Fortune 500 company (368th), with approx. 10,000 gas stations all over the country.  Of these only about 1,500 gas stations are furnished with retail stores. BPCL now plans to refurbish at least half of these gas stations primarily in the city regions.  In addition, BPCL has aggressive plans of opening 1,500 new gas stations with retail outlets during the next two years.  Minaean Habitat's Quick Build Light Gauge Steel Panelized Wall system is considered to be an ideal solution for BPCL in the regions where immediate retail gas supply facilities have to be provided. The modular retail outlets will be manufactured and prefabricated in MHI's Mumbai facility, after which they will be transported and installed at sites within the Indian metropolitan of Bangalore.Mr. Hari Varshney, the Chairman of Minaean who recently visited India, said, \"Such modular retail outlets for gas stations and other utilities have become a core competency of ours. We have a cutting edge construction system which is able t...