Punj Lloyd has won a Rs 590 crore contract for building delayed coker unit & coker LPG Merox Block for the residue upgradation project of Indian Oil Corporation at its Vadodara refinery in Gujarat. The lump-sum turnkey contract entails engineering, procurement, construction and commissioning assistance (EPCC) services and has been secured amidst international competitive bidding, a company release said. The scope of work includes a 3.7 MMTPA delayed coking unit and a 160 TMTPA LPG Merox Unit. The project is scheduled to be completed within 28 months. The company has extensive experience in refinery process units including hydrocracker, sulphur recovery units, hydrogen generation unit and motor spirit quality (MSQ) upgradation projects for all the major PSUs in India.This project adds to this vast portfolio in refinery processing. This project acquires strategic importance for the company, as many similar delayed coking units are expected to be set up in the major refineries in India. Further it will gain experience of working with renowned process licensor Foster Wheeler. With this, the order backlog for the Punj Lloyd group on consolidated basis has gone up to Rs 18,484 crore as of September 30, 2007.
Source : Business Standard
13th December, 2007