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Every day receive the best plan of attack for the next day's trading directly from professional trader Kevin Haggerty.| Sammy King | by www.tradingmarkets.com. All rights reserved. | 10.11 | 17:09 |
The company said that the contracts awarded are on EPC basis for the Hydrocracker - capacity 1.7 MMTPA - and Hydrogen Generation Unit with a capacity of 70,000 TPA. The value for the Hydrocracker contract is Rs.
864 crores, while contract for Hydrogen generation unit is Rs. 299 crores. The scope for both the packages entails engineering procurement, construction and commissioning on a single point responsibility basis.
The Hydrocracker turnkey contact is the largest EPC contract for a process unit awarded to the company and would also make the company the first Indian company to execute a hydrocracker project on an EPC basis. Hydrocracker is one of the complex process units in refinery with pressures and temperatures like 250 bar and 300-350 deg C respectively. With this, the order backlog for the group is Rs.
12,590 crores.
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