 "Simon India bags Rs 370 cr contract for Adani's Mundra port project")
Simon India Limited (SIL), an Adventz Group company and a wholly owned subsidiary of Zuari Global Limited, has bagged a contract of Rs 370 crores from Mundra LPG Terminal Pvt Ltd of the Adani Ports & SEZ Limited. As per the contract, Simon India will provide EPC (engineering, procurement and construction) services for Adani’s LPG terminal at Mundra Port in Gujarat. It is one of the largest such terminals in terms of capacity.
The contract covers extended basic engineering, detailed engineering, procurement, supply, transportation and installation, among others. For specialised procurement and fabrication work, SIL will synergise with Texmaco Rail & Engineering Limited (TREL), another Adventz Group company, for timely and qualitative project delivery. The Mundra Port project involves around 4600 MT of steel fabrication.
Construction work on the new terminal will commence in June2017 and will be completed by November 2018. The terminal will have a total capacity of 3.56 million metric tonnes per annum. It will comprise marine unloading arms, flare package, BOG & flash gas compressors, in-tank pumps, process equipment, truck loading arms & gantry, boiler, utility & auxiliary systems, civil & structural work, electrical systems apart from state of art control systems.
Rakesh Verma, CEO, Simon India, stated, “This agreement is in line with our strategic goals. We will combine our engineering acumen with project-and-risk-management expertise to provide complete solutions to Adani. Adventz Group is well diversified group operating in multiple areas, representing the fundamental drivers of the Indian economy such as agri products, heavy engineering, lifestyle products, real estate and infrastructure. Mundra LPG Terminal project will help us in contributing to India’s self-reliance in oil & gas sector also.”
SIL has executed various large-scale EPC projects for sectors including petroleum refinery, petrochemical, oil & natural gas, fertiliser and chemical, power and cement in India and overseas. Simon India Ltd is also executing other projects from Dalmia Cement, Gujarat State Fertilizers and Chemicals Limited and Paradeep Phosphates Limited.
Texmaco Rail & Engineering Limited, the flagship company of the Adventz Group, is engaged in rolling stock, steel castings, EPC segment and others. It is also engaged in fabrication of heavy steel structures including process equipment, cryogenic tanks and Horton spheres.
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