Refinery expansion contract awarded to L&T

The hydrocarbon onshore division of Larsen & Toubro’s (L&T) energy business has secured a large contract from Indian Oil Corporation Ltd.

Indian Oil Corporation is implementing the Panipat refinery expansion (P-25) project to enhance refining capacity.

India’s largest state-run oil marketing company is implementing the Panipat refinery expansion (P-25) project to enhance refining capacity from 15 million metric tonnes per annum (MMTPA) to 25 MMTPA to meet the growth in demand of petroleum products and to increase their profitability and competitiveness in the long run.

The engineering, procurement, construction, and commissioning (EPCC) contract is for setting up a Residue Hydrocracker Unit (RHCU) for this P-25 Project, Larsen & Toubro says in a statement.

The contract is awarded through international competitive bidding on a Lump Sum Turnkey (LSTK) basis.

L&T had earlier bagged a significant EPCC Contract for setting up a unit under the same P-25 Project of IOCL at Panipat refinery.

The hydrocarbon business of L&T Energy is organised under Offshore, Onshore, Construction Services, Modular Fabrication and Advanced Value Engineering & Technology (AdVENT) verticals.