Punj Lloyd bags Rs 649cr contract from IOC

Punj Lloyd, a specialist in Engineering, Procurement and Construction (EPC) services, has secured a Rs 649 crore contract for the Motor Spirit Quality (MSQ) Upgradation Project of Indian Oil Corporation Limited at Barauni Refinery, Bihar.

Indian Oil Corporation Ltd (IOCL) has yet again entrusted Punj Lloyd to set up this prestigious project, which will upgrade its refinery at Barauni to improve quality of motor spirit (Gasoline) to meet Euro-III emission norms for reducing vehicular pollution.

The lump-sum turnkey contract entails engineering, procurement, construction and commissioning (EPCC) services and has been bagged amidst stiff competition. The project is scheduled to be commissioned within 23 months.

The scope of work includes a 274,000 MTPA* Reformate Splitter unit, 183,000 MTPA Naphtha Hydrotreating Unit, 126,000 MTPA Isomerization Unit, 403,000 MTPA Prime G+ Unit alongwith offsites/utilities consisting of tankage, hydrogen bullet, compressed air system and a Nitrogen Unit. The process units have been licensed by Axens, France. This is the 5th EPCC Contract from IOCL to Punj Lloyd, and the 2nd MSQ Upgradation Project, after the IOCL Haldia MSQ Project commissioned successfully by Punj Lloyd in 2005.

This project adds to the already impressive portfolio of Punj Lloyd for Refinery Process Units, which includes MSQ Upgradation Project in IOCL Haldia, Hydrocracker, Sulphur Recovery Units, Hydrogen Generation Unit and the Delayed Coker Unit.

Sourced From: Genesis Burson-Marsteller

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