MoneyWorks4Me

L&T’s arm bags two EPCC contracts from IOC

31 Jan 2019 Evaluate

Larsen & Toubro’s (L&T) wholly-owned subsidiary -- L&T Hydrocarbon Engineering (LTHE) has won two significant orders from Indian Oil Corporation (IOC).

The engineering, procurement, construction and commissioning (EPCC) contracts are for setting up Mono Ethylene Glycol (MEG) plant and Ethylene Recovery Unit (ERU) under LSTK-1 Package, associated Offsite and Utilities under LSTK-2 Package at IOCL Paradip Refinery (Odisha). MEG plant is licensed by Scientific Design with a capacity of 357 KTA while ERU is licensed by Lummus Technology (now McDermott) with a capacity of 180 KTA.

Ethylene Oxide reactor, columns and other critical equipment for the project will be fabricated in house at Larsen a Toubro's manufacturing facilities.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
View more..