Bharat Heavy Electricals (BHEL) has bagged a major order for a Sulphur Recovery Unit from Indian Oil Corporation. Significantly, with this order, BHEL has made an entry into the downstream oil & gas process package business. The package, valued at over Rs 400 crore, envisages setting up a 525 TPD Sulphur Recovery Unit at Indian Oil Corporation’s Paradip Refinery in Odisha.
Notably, the company’s diversification strategy into non-coal based business areas has begun paying dividends and this is a milestone order for BHEL as part of its new growth areas initiative. With the execution of this order, BHEL will establish itself as an LSTK player for process packages in the downstream oil & gas sector.
BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.
