Technip Energies Awarded a Significant Contract by Indian Oil Corporation to Upgrade the Barauni Refinery in India

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Technip Energies (PARIS:TE) has been awarded a significant(1) Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its BR9 Expansion Project in Barauni, Bihar, in the Eastern part of India.

This EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of 1 million metric tonnes per annum (MMTPA) capacity, a Fuel Gas Treatment Unit (FGTU) and the associated facilities. The OHCU, in combination with downstream refinery units, will enable production of BS VI Grade fuels – similar to Euro VI Grade fuels – and petrochemicals.

Bhaskar Patel, Senior Vice President India Business Unit at Technip Energies commented: “We are very pleased to have been awarded this contract by Indian Oil Corporation Limited. This award demonstrates our long-term commitment in India and substantially consolidates our positioning in High Operating Pressure projects. It also strengthens our position as a leading provider of key projects to the major players in India’s domestic energy sector.”

IOCL’s Barauni refinery, built in 1964, is the second refinery to be built in India. The BR9 Expansion project shall enhance refinery capacity from 6 MMTPA to 9 MMTPA and will add petrochemicals such as Polypropylene into Barauni refinery’s product portfolio.

Technip Energies has a strong footprint in India with local presence in Delhi, Mumbai, Chennai and Dahej.

(1) For Technip Energies, a “significant” contract is between €50 million and €250 million.

Note: this award is included in the Company’s first quarter 2021 financial results.

Source: www.technipenergies.com

Petropipe News

L&T Hydrocarbon Engineering bags EPCC contract for IOC’s Barauni Refinery, India

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Engineering and construction giant Larsen & Toubro have won a ‘large’ contract from the Indian Oil Corporation for conducting capacity expansion of IOC’s Barauni Refinery, in Bihar.

The project won by company arm L&T Hydrocarbon Engineering involves engineering, procurement, construction and commissioning for 9 million tonne per annum (MTPA) Atmospheric & Vacuum Distillation Unit.

Though the company did not specify the exact amount of the contract, as per its specification it ranges between Rs 2,500 crore and Rs 5,000 crore.

The EPCC contract is for setting up a new 9 MTPA Atmospheric & Vacuum Distillation Unit (AVU) and allied facilities (EPCC-1 Package) for Barauni Refinery Capacity Expansion Project at IOCL’s Barauni Refinery, Bihar. The capacity of Barauni Refinery is being augmented from the current installed capacity of 6 MTPA to 9 MTPA,” the company said in a statement.

Awarded through an international competitive bidding on Lump Sum Turn Key (LSTK) basis, the contract demonstrates IOCL’s trust on L&T Hydrocarbon Engineering’s capability to deliver complex process plants to a challenging schedule with excellent safety and quality, the company said.

L&T Hydrocarbon Engineering is already executing a similar EPCC Project of 9 MTPA project for HPCL Visakh Refinery as a part of Visakh Refinery Modernisation Project.

Organized under offshore, onshore, construction services, modular fabrication and engineering services verticals, LTHE delivers ‘design to build’ engineering and construction solutions across the hydrocarbon spectrum.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 21 billion in revenue. It operates in over 30 countries.

Source: https://bit.ly/39TSS0e