L&T wins Rs1,150-crore order for captive cogeneration power plant from IOCL

Larsen & Toubro Ltd has won a large scale turnkey contract valued at Rs1,150 crore from Indian Oil Corporation Ltd for setting up a captive cogeneration power plant in Panipat, Haryana. The contract involves project management, engineering, procurement and construction of the power plant for IOCL's naphtha cracker project at its petrochemical complex in Panipat.

The power plant comprises five gas turbines five heat recovery steam generators, three steam turbines two utility boilers and sophisticated control systems to ensure uninterrupted supply of power and steam to the naphtha cracker complex. To be commissioned within 32 months, the plant will have an installed capacity of 227 MW of power and over 800 tph of process steam.

L&T bagged this prestigious order against keen competition from reputed EPC contractors on the strength of its track record in executing similar projects meeting stringent quality requirements. Engineers India Ltd, the project management consultant to IOCL, had invited offers under the international competitive bidding route.

This is the second major contract won by L&T for IOCL's Panipat cracker project. L&T and Toyo consortium had earlier ha the turnkey for naphtha cracker and associated units. The Company has participated in the setting up several major power generations projects in India and abroad.