Tuesday, October 9, 2007

L&T Bags Rs 693 Crores Order From IOCL

Larsen & Toubro Ltd (L&T) has announced that Indian Oil Corporation Ltd (IOCL) has awarded to the Company, a large Project order comprising two trains of 300 Tonnes per Day Sulphur Recovery Units (EPCC - 5) along with associated facilities such as Amine Regeneration Unit Sour Water Stripper & Tail Gas Treatment Unit for enhanced Sulfur recovery up to 99.9%. This would enable IOCL in the production of low Sulphur clean fuels to meet regulatory requirements. The order is valued at Rs 693 crores.

IOCL which operates one of its biggest refineries located at Koyali on the outskirts at Vadodara city in the State of Gujarat, India, intends to set up these Sulphur Recovery Plants as part of their Fuels Upgradation project and have awarded the order on EPC basis to the Company. Toyo Engineering India Ltd has been retained by IOCL to provide services for Project Management Consultancy (PMC) and Black & Veatch (USA) are the process licensors.

This prestigious EPC order, valued at Rs 693 crores, comprises 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 on the strength of its track record meeting refinery project quality requirement and conforming to fast track schedules.

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