Punj Lloyd secures orders

Punj Lloyd Ltd has announced that the Company has secured a Rs 590 crores contract for building Delayed Coker Unit & Coker LPG Merox Block for the Residue Upgradation project of Indian Oil Corporation Ltd at its Vadodara refinery in Gujarat.

"Punj Lloyd Ltd has secured a Rs 590 Crore contract for building Delayed Coker Unit & Coker LPG Merox Block for the Residue Upgradation project of Indian Oil Corporation Ltd at Vadodara Refinery in Gujarat. The lump-sum turnkey contract entails engineering, procurement, construction and commissioning assistance (EPCC) services and has been bagged amidst international competitive bidding.

The scope of work includes a 3.7 MMTPA Delayed Coking unit and a 160 TMTPA LPG Merox Unit. The project is scheduled to be completed within 28 months.

The Company has extensive experience in Refinery Process Units including Hydrocracker, Sulphur Recovery Units, Hydrogen Generation Unit and Motor Spirit Quality (MSQ) Upgradation Projects for all the major PSUs in India. This project adds to this vast portfolio in refinery processing.

This project acquires strategic importance for the Company, as many similar Delayed Coking Units are expected to be set up in the major refineries in India. Further the Company will gain experience of working with renowned process licensor M/s. Foster Wheeler.

With this, the order backlog for the Punj Lloyd group on consolidated basis has gone up to Rs 18,484 crore. This is the total value of unexecuted orders as of September 30, 2007 and new orders received till date."