L&T unit wins Rs1,100-cr contract from Indian Oil Corp
25 Feb 2017
L&T Hydrocarbon Engineering, a unit of engineering conglomerate Larsen & Toubro has won an onshore engineering, procurement and construction (EPC) contract from Indian Oil Corp Ltd worth Rs1,100 crore.
Indian Oil Corp, the country's largest refiner, awarded the contract to L&T Hydrocarbon Engineering for setting up a 0.74 million metric tonne per annum fluidised cracking unit, including a liquefied petroleum gas treatment facility at IOCL's Bongaigaon refinery in Assam, an L&T release stated.
The L&T subsidiary won the contract through a competitive bidding process, which was also participated by reputed global EPC organisations.
The scope of work under the contract covers extended basic engineering, detailed engineering, procurement, supply, transportation, storage, fabrication, inspection, construction, installation, testing, mechanical completion, pre-commissioning and commissioning of the unit.
The process licensor for the INDMAX unit is Lummus Technology Inc.
For the LPG treatment unit, the process licensor is Merichem, USA. L&T has the distinction of executing all INDMAX FCC units, including IOCL's Guwahati and Paradip Refinery.
L&T has been serving the hydrocarbon mid and downstream sector since the early '90s and has a distinguished track record of executing process plants with comprehensive scope of work and stringent delivery schedules on lump-sum EPCC basis, involving diverse technologies from various process licensors.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 16 billion in revenue. It operates in over 30 countries worldwide.