3 financial consultants in fray for pipeline

New Delhi, August 24:

KPMG International, Ernst & Young and Standard Chartered bank are the three financial consultants shortlisted by Indian Oil Corp (IndianOil) for the multibillion dollar Iran-Pakistan-India gas pipeline project.

“Out of five who had bid, we shortlisted these three for making detailed presentations on the international best practices in pipeline projects and their proposals,” IndianOil finance director S V Narasimhan said today, “We will finalise the financial consultants by August end or the beginning of September.” The selected consultants would be given time till November to present project models for the execution of the natural gas pipeline project.