Punj Lloyd bags Rs.1,100 crore work order for IOC Haldia refinery

Engineering and construction group Punj Lloyd on Monday said it has won a Rs.1,094 crore contract from state-run Indian Oil Corp (IOC) for works related to its Haldia Refinery.

"The scope of work for the project involves the residual process design study, engineering, procurement, construction and commissioning of the sulphur block comprising the sulphur refinery unit (SRU), amine regeneration unit (ARU), the sour water stripper (SWS) including the utilities and offsite facilities," Punj Lloyd said in a statement.

IOC's Haldia project aims to convert mainly black oil, mainly high sulphur fuel oil, to higher value products like diesel and cooking gas which will lead to subsequent improvement in gross refinery margins, the statement said.

It will also produce improved quality diesel, conforming to BS-IV specifications as a measure towards environmental protection, it added.

"Punj Lloyd has constructed the sulphur blocks of the IOC's Mathura, Guwahati and Koyali refineries, taking this relationship with IOC as far back as 1998. This is a challenging assignment as we need to work in a running refinery," said group chief executive J.P.Chalasani.

Punj Lloyd has also built the sulphur blocks for Bharat Oman Refinery's Bina refinery, Chennai Petroleum Corp's Manali and Kochi refineries and Hindustan Petroleum Corp's Mahul refinery.

With this new order, the group's order backlog stands at Rs.20,978 crore, it said.