Larsen Toubro bags large contract from Indian Oil

25 Aug 2022 , 01:33 AM

The Hydrocarbon-Onshore division of LTs Energy Business has secured a large contract from Indian Oil Corporation IOCL According to the companys project classification the contract is valued between Rs 2500 to Rs 5000 crore IOCL is implementing the Panipat Refinery Expansion P-25 Project to enhance refining capacity from 15 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 The RHCU is licensed by Axens France with a capacity of 25 MMTPA and will upgrade the Vacuum Residue VRto high-value commercial products mainly diesel The contract is awarded through international competitive bidding on a Lump Sum Turnkey LSTK basis LT earlier bagged a significant EPCC Contract for setting up DHDT Unit 50 MMTPA licensed by Shell under the same P-25 Project of IOCL at Panipat-Refinery