L&T wins agreement from Indian Oil Corporation by admin- Monday, August 22nd, 2022 03:52:37 PM
The Hydrocarbon-Onshore division of L&T’s Energy Business has secured a huge settlement from Indian Oil Corporation (IOCL).
IOCL is enforcing the Panipat Refinery Expansion (P-25) Project to enhance refining ability from 15 MMTPA to twenty-five MMTPA to meet the boom in call for of petroleum merchandise and to increase their profitability and competitiveness in the long run.
The engineering, procurement, production, and commissioning (EPCC) settlement is for putting in a Residue Hydrocracker Unit (RHCU) for this P-25 Project. The RHCU is licensed through Axens (France) with a potential of 2.Five MMTPA and could upgrade the Vacuum Residue (VR) to high-fee industrial merchandise (particularly diesel). The settlement is provided through global aggressive bidding on a Lump Sum Turnkey (LSTK) foundation.
L&T in advance bagged a huge EPCC Contract for setting up DHDT Unit (five.Zero MMTPA, licensed by way of Shell) beneath the identical P-25 Project of IOCL at Panipat-Refinery.