Punj Lloyd bags Rs 590-cr IndianOil order
New Delhi   13-Dec-2007
Punj Lloyd Ltd has bagged a Rs 590-crore contract for building facilities associated with IndianOil Corporation's Residue Upgradation project 'at its Vadodara Refinery in Gujarat. The turnkey contract entails engineering, procurement, construction and commissioning assistance (EPCC) services and was warded following an inter-'national competitive bidding process, a Punj Lloyd statement said. The scope of work includes setting up a 3.7-mmtpa (million metric tones per annum) 'Delayed Coking Unit and a 150-tmtpa (trillion metric tones per annum) 'LPG Merox Unif. The project is scheduled to be completed within 28 months. "This project acquires strategic importance for Punj Lloyd, as many similar Delayed Coking Units are expected to be set up in the major refineries in Indik Further Punj Lloyd will, gain experience of working with renowned process licensor, Foster Wheeler," the statement said. With this, the order backlog for the Punj Lloyd group on consolidated basis has gone up to Rs 18,484 crore, the statement said. A 'Delayed Coking Unif essentially converts low value residual products into lighter products of higher value, with the objective of maximising the yield of liquid product and minimising the yields of wet gas and coke. 'Merox Units' are used in oil refineries and natural gas processing plants to remove mercaptans from LPG, propane, butanes, light naphtha’s, kerosene and jet fuel by converting them to liquid hydrocarbon disulfides.