Punj Lloyd bags Indian Oil Corporation’s Rs 367 crore Paradip Refinery EPCC Package

Punj Lloyd has bagged an EPCC contract at Paradip Refinery, Odisha, amounting to a value of Rs 367 crore. The said contract was issued by Indian Oil Corporation for its most prestigious refinery.

Under this contract, the scope of work would involve Residual Basic Engineering including HAZOP study, procurement, detailed engineering, and constructing and commissioning of the Coker LPG Treating Unit and offsite and utility facility.

Amit Gupta, President & CEO, Process, Punj Lloyd remarked winning this contract as a landmark achievement. He said, “We are proud to have secured our second order in Paradip Refinery, Indian Oil’s most prestigious refinery. The first order being executed for IOCL at Paradip comprised 12 Process Units (LSTK # B) on EPC Basis, which is now in the final stages of completion.”

Paradip Refinery is situated on the east coast of India at a distance of 5 km from Paradip Port, in the state of Odisha. The site, sprawling over an area of massive 3344 acres, is at a distance of 90 km by road from Cuttack and about 120 km from Bhubaneswar, the capital of Odisha.

An official spokesperson for Punj Lloyd said, “The company has an extensive experience in almost every process including Coker, Visbreaker, Hydrogen and Hydrocracker, Sulphur Block and MSQ up-gradation. With winning the contract of Paradip Refinery, our order backlog stands at Rs 21,833 crores.”

Punj Lloyd is a Diversified Global EPC (Engineering, Procurement and Construction) Conglomerate which had recently also won the EPCC Package 2 at Haldia Refinery, West Bengal for the Sulphur Block of Indian Oil Corporation Ltd.