April 24, 2024 05:02 (IST)
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Punj Lloyd wins Rs 1094 crore Haldia Refinery EPCC Package from Indian Oil Corporation
New Delhi, Aug 31 (IBNS): Diversified global conglomerate, Punj Lloyd on Monday announced receiving a lump-sum turnkey contract for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation Ltd (IOCL) for a value of Rs 1094 crore.
The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sour Water Stripper (SWS) including the Utilities and Offsite facilities.
This project falls under IOCL’s prestigious ‘Aishwariya’ project. IOCL’s Haldia project aims to upgrade Black Oil, mainly High Sulphur Fuel Oil to higher value products like diesel and LPG which will lead to subsequent improvement in Gross Refinery Margins.
It will also produce improved quality diesel, conforming to BS-IV specifications as a measure towards environmental protection.
Speaking on this achievement, Managing Director and Group CEO, J P Chalasani said, “We are extremely pleased to receive this order as we have a strong track record in Process, particularly in Sulphur Blocks. For IOCL itself, Punj Lloyd has constructed the Sulphur Block of the Mathura, Guwahati and Koyali refineries, taking this relationship with IOCL as far back as 1998. This is a challenging assignment as we need to work in a running refinery.”
Though Punj Lloyd has extensive experience in almost every Process unit including Delayed Coker, Visbreaker, Hydrogen and Hydrocracker, Sulphur Block, MSQ up-gradation, its expertise in Sulphur Blocks is particularly extensive with the company having built the Sulphur Block for BORL’s (Bharat Oman Refinery) grass root Bina refinery, CPCL’s (Chennai Petroleum Corporation) Manali refinery, Kochi refinery and HPC’s (Hindustan Petroleum Corporation) Mahul refinery.
At the Haldia refinery, Punj Lloyd has delivered complex refinery units; the MSQ upgradation, Hydrogen Generation and Hydrocracker Unit.
Located on the bank of the river Hoogly at Haldia in East Midnapur district of the state of West Bengal, Haldia Refinery is fourth in the chain of the existing seven refineries of IOCL in the country. The refined products help meet the demand of the eastern region of India.
With this new win, the Group’s order backlog stands at Rs. 20,978 crores. The order backlog is the value of unexecuted orders on June 30, 2015 plus new orders received after that date.
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