Punj Lloyd Limited has secured a Rs. 590 Crore contract to build the delayed coker unit and coker LPG merox block for Indian Oil Corp. Limited's Residue Upgradation project at Vadodara Refinery in Gujarat. The lump-sum turnkey contract entails engineering, procurement, construction and commissioning assistance (EPCC) services and has been bagged amid international competitive bidding.
The scope of work includes a 3.7 MMTPA delayed coking unit and a 150 TMTPA LPG merox unit. The project is scheduled to be completed within 28 months.
Punj Lloyd has extensive experience in refinery process units, including hydrocracker, sulfur 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.
The project acquires strategic importance for Punj Lloyd because many similar delayed coking units are expected to be set up in the major refineries in India. Further, Punj Lloyd will gain experience working with renowned process licensor M/s. Foster Wheeler.
With this latest contract, the order backlog for the Punj Lloyd group on consolidated basis has gone up to Rs 18,484 crore. This is the total value of unexecuted orders as of September 30, 2007, and new orders received till date.
Punj Lloyd is the second-largest engineering and construction company in India. It provides integrated design, engineering, procurement, construction and project management services for energy and infrastructure sector projects, with operations spread across many regions in the Middle East, Caspian, Asia Pacific, Africa and South Asia.