Essar Projects bags Rs 550 cr contract from BPCL

The comppany has bagged the contract to participate in its major refinery expansion project in Kochi

Essar Projects (EPL), an engineering, procurement and construction company of Essar group, today said it has bagged a Rs 550 crore contract from Bharat Petroleum Corporation Ltd (BPCL) for executing certain packages of Kochi refinery expansion project.

"Has secured a contract valued at over Rs 550 crore from BPCL to participate in its major refinery expansion project in Kochi," Essar Projects said in a statement.

Essar has won the contract in a consortium with GR Engineering of Mumbai for the EPC work of the reactor regenerator package of 2.2 MTPA Fluid Catalytic Cracking Unit (FCCU) at the Kochi refinery, which is set to expand to 15.5 MTPA.

The project is scheduled to be completed in 24 months and Technip Shaw is the process licensor of this package, the company further said.

"With this the total number of major projects secured by Essar projects, both domestic and overseas, has gone up to eight, taking the total order book to about $4.1 billion," the company said.

Essar Projects, headquartered in Dubai, works as an EPC contractor for industries like Oil and Gas, Power, Ports and Marine, Civil and Building, etc and has presence in over 20 countries. Currently it is executing significant hydrocarbon projects for several big companies, including Indian Oil, Jurong Aeromatics and Matix fertilizers.

"We are very pleased with this significant first award from BPCL which further consolidates our position in the hydrocarbons sector in India," Essar Projects' President and CEO Alwyn Bowden said.

BPCL is in the process of expanding the Kochi refinery capacity to 15.5 MTPA from from 9.5 MTPA as part of the Integrated Refinery Expansion Project (IREP). Engineers India Ltd (EIL) is the project management consultant (PMC) for the project.