L&T Wins Rs1400-crore IOCL project order for grassroots fuel refinery in Orissa
29 Mar 2010
Engineering and construction major Larsen & Toubro has secured a major order valued at Rs1,400 crore from Indian Oil Corporation Limited (IOCL) for a 4.17 MMTPA fluidised catalytic cracker (FCC) reactor regenerator project of a grassroots fuel refinery at Paradip, Orissa.
INDMAX technology, indigenously developed by IOCL R&D, will be deployed for the FCC unit for converting heavy distillate and residue into LPG/light distillate product as the 15 MMTPA refinery at Paradip is configured to process the heaviest crudes.
This is the largest FCC unit in terms of capacity and complexity amongst psu refineries in India. Reactor-regenerator package is the most critical section of the FCC unit. The order demonstrates the strength of L&T's integrated capabilities in executing such large complex units of the refinery.
The scope of work includes residual and detailed engineering, procurement, supply, manufacture, fabrication, construction, installation, pre-commissioning, commissioning and performance test run. The project shall be executed on Lumpsum Turnkey (LSTK) basis.
The order has been bagged by Hydrocarbon Mid and Downstream Business Group of L&T's Engineering & Construction Division against competition from global EPC companies on the strength of its track record of having executed several similar refinery projects.