Essar Projects wins its maiden EPC contract from BPCL worth Rs550 crores
Essar Projects Limited (EPL), a Global EPC (Engineering, Procurement, Construction) company headquartered in Dubai, today announced that it has secured a contract valued at over Rs550 crores from Bharat Petroleum Corporation Limited (BPCL) to participate in its major refinery expansion project in Kochi, said in the company's press release.
EPL has won the contract in a consortium with GR Engineering of Mumbai for the Engineering, Procurement & Construction (EPC) of the Reactor Regenerator package of 2.2 MMTPA Fluid Catalytic Cracking Unit (FCCU) at the Kochi refinery, which is set to expand to 15.5 MMTPA. The project is scheduled to be completed in 24 months. M/s. Technip Shaw is the Process Licensor of this package.
With this the total number of major projects secured by EPL both domestic and overseas has gone up to eight, taking the total order book to about USD4.1 billion. EPL is executing significant hydrocarbon projects for major companies like IOCL, Jurong Aeromatics, Matix Fertilizers to name a few.
Mr Alwyn Bowden, President & CEO, Essar Projects said, “We are very pleased with this significant first award from BCPL which further consolidates our position in the hydrocarbons sector in India.”
The scope of work and obligations comprise of project management, residual process design, residual engineering of Reactor Regenerator, procurement & supply of all materials, stage-wise inspection including third-party inspection, transportation of all the equipment & materials to work site, erection, installation, pre-commissioning, commissioning, commissioning assistance, testing for performance guarantee in presence of Licensor and Owner Representative, etc.
On the occasion Mr Amit Gupta - CEO, Hydrocarbons Business of Essar Projects said, “Essar Projects secured this order amidst extremely stiff competition and this demonstrates our competence and capability in delivering complex projects to our key clients in the Hydrocarbons sector.”
Bharat Petroleum Corporation Limited (BPCL) – Kochi is in the process of expanding the refinery facilities from 9.5 to 15.5 MMTPA as part of the Integrated Refinery Expansion Project (IREP) for which Engineers India Limited (EIL) has been appointed as Project Management Consultant (PMC) for the project.
About Essar Projects:
Essar Projects is a Global EPC (Engineering, Procurement, Construction) company offering a unique collaborative end to end Project Development and delivery model for Major (Mega) Projects, back integrated into the supply chain and forward integrated into the operator’s mind set through its sister company links.
EPL offers its expertise to the following industries: Oil & Gas (Upstream, Mid-Stream & Downstream) including cross country pipelines and terminals - Offshore and Onshore, Infrastructure (Ports & Marine, Civil & Building), Power (including Hydroelectric) and Minerals & Metals and has presence in over 20 countries spread across five continents. The company has over four decades of experience in delivering Projects and has recently added a concessions business to its product offerings. EPL is headquartered in Dubai and operates across regions through wholly owned subsidiaries.
EPL has ‘in house’ a large Engineering and Procurement division as well as operating extensive fabrication facilities and a large construction Equipment Bank.
About the Essar Projects Hydrocarbons Business:
Essar Projects Limited (EPL) has proven capabilities in delivering world-class facilities to the hydrocarbons industry. EPL is currently executing USD400 Million OSBL works at Jurong Aromatics Complex in Singapore for Jurong Aromatics Corporation (JAC) and 9 Process units on a LSTK basis for the 15 MMTPA refinery at Paradeep in Odisha (India) for Indian Oil Corporation Limited (IOCL). It also has a big presence in the Middle East and is presently executing contracts worth USD170 Million in that region. In addition to these, EPL has executing works for GAIL (India) Limited, HPCL, Gujarat State Petronet Limited (GSPL) and on a fertilizer plant at Durgapur, West Bengal (India) on EPC basis for Matix Fertilizers & Chemicals Limited of Ammonia capacity 2200 TPD & Urea capacity 3850 TPD, which is the biggest urea fertilizer plant in India.