MoneyWorks4Me

Engineers India bags PMC contract worth $40 million

25 Mar 2014 Evaluate

Engineers India (EIL) has bagged project management consultancy (PMC) contract worth $40 million from Orpic for their Liwa Plastics Project in Sohar, Oman against international competitive bidding competition from international consultants.

The PMC project includes a new petrochemical complex adjacent to the Sohar Refinery that will include a 800,000 tonne a year ethylene cracking plant, high density polyolefin (HDPE) plant, linear low density polyethylene plant (LLDPE), new polypropylene plant (PP), associated utility and offsite facilities.

The project, once commissioned, will enhance both fuel and plastics production in Oman. Plastics production will increase to 1.4 million tonnes per annum by 2018 from 200,000 tonnes now, while fuel production will touch 11.3 million tonnes from 7.3 million tonnes.

Orpic is owned by the Government of Oman and state-owned Oman Oil Company SAOC and has been created to pursue investment opportunities in the energy sector both inside and outside Oman.

Engineers India is a total solutions consultancy company and EPC contractor in petroleum refining, petrochemicals, pipelines, oil and gas terminals and storages, fertilizers, mining & metallurgy and infrastructure projects. The company is also diversifying into water and waste management and has made inroads into nuclear, solar and thermal power sectors.

Peers
Company Name CMP
Larsen & Toubro 3830.15
Kalpataru Projects 1399.50
NCC 135.65
Rail Vikas Nigam 201.15
KEC International 401.55
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