MoneyWorks4Me

HPCL awards contract to TechnipFMC

20 Jul 2018 Evaluate

Hindustan Petroleum Corporation (HPCL) has awarded a substantial contract to UK-based energy services company TechnipFMC for building a grassroots hydrogen generation unit (HGU) at its Visakhapatnam refinery.

The contract covers project management, technology licensing, preparation of basic design and engineering package, as well as detailed engineering, procurement, construction, commissioning, and performance guarantee test, run on a LEPCC basis.

HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

Peers
Company Name CMP
Reliance Industries 1223.30
Indian Oil Corpn. 128.55
Bharat PetroleumCorp 293.55
HPCL 348.40
MRPL 174.85
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