L&T wins INR 542 Crore order from IOCL

Larsen & Toubro Ltd (L&T) has announced that the Company has been awarded a Rs 542 crore order by Indian Oil Corporation Ltd (IOCL).

The order is for the Motor Spirit Quality (MSQ) Upgradation Unit, comprising a Light Naptha Hydrotreating unit, Isomerisation unit, Reformer Splitter and associated utilities and offside facilities (EPCC-1), to meet the Euro IV norms. The unit is located at IOCL's refinery in Panipat at Haryana, India.

IOCL intends to operate this MS Quality Upgradation Unit and necessary Utilities and Offside as part of their Fuels Upgradation project. Jacobs H&G Pvt Ltd (JH&G) have been retained by IOCL to provide services for Project Management Consultancy (PMC) and Front End Engineering Design (FEED). UOP/AXENS are the process licensors.

This prestigious order comprises the Residual Process Design, Detailed Engineering, Procurement, Supply, Transportation, Storage, Fabrication, Inspection, Construction, Installation, Testing, Mechanical Completion, Pre-Commissioning, Commissioning, and Performance Guarantee Test Runs for the said Project.

The order was bagged by the Company against keen competition from internationally reputed EPC contractors, on the strength of its track record in meeting refinery project quality requirements and conforming to stringent delivery schedules.

Source : Equity Bulls

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