Essar Projects wins its maiden EPC contract from BPCL worth Rs 550 crores

Kolkata: Essar Projects Limited (EPL), a Global EPC engineering, procurement, construction company headquartered in Dubai, on Tuesday announced that it has secured a contract valued at over Rs 550 crore from Bharat Petroleum Corporation Ltd ( BPCLBSE -1.07 %) to participate in its major refinery expansion project in Kochi.

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. 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 USD 4.1 billion. EPL is executing significant hydrocarbon projects for major companies like IOCL, Jurong Aeromatics, Matix fertilizers to name a few.

Alwyn Bowden, President & CEO, Essar Projects said in a statement, "This order from BCPL 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 Amit Gupta- CEO, hydrocarbons business of Essar Projects said, "Essar Projects secured this order amidst extremely stiff competition and 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.