Punj Lloyd bags Rs 590 crore contract from Bharat Oman Refineries Ltd

Punj Lloyd Ltd the Company has secured a Rs 590 crore contract for building a sulphur block at Bins Refinery of Bharat Oman Refineries Ltd at Bins, Madhya Pradesh. The lump-sum turnkey contract entails engineering, procurement, construction and commissioning assistance (EPCC) services and has been bagged amidst stiff International competitive bidding.

"Punj Lloyd Limited (PLL), a global EPC services provider in energy and infrastructure domains, has secured a Rs 590 crore contract for building a sulphur block at Bina Refinery of Bharat Oman Refineries Limited at Bina, Madhya Pradesh. The lump-sum turnkey contract entails engineering, procurement, construction and commissioning assistance (EPCC) services and has been bagged amidst stiff international competitive bidding.

The scope of work includes a 360 TPD Sulphur Recovery Unit, 470 TPH Amine Recovery Unit, 360 TPD Tail Gas Treatment Unit and 125 TPH & 49 TPH Sour Water Stripping Units.

The project is scheduled to be completed within 25 months. This will be the largest process unit in a grass root refinery for Punj Lloyd, which has a rich experience of executing 6 other Sulphur Recovery Units for major refineries in India.

Bina Refinery Project is a 6 MMTPA grass root refinery being implemented in the state of Madhya Pradesh.

With this, the order backlog (anticipated revenues from the uncompleted portion of existing contracts as on June 30, 2007 and contracts obtained thereafter) for the group stands at Rs 16,480 crore."

Source : Equity Bulls

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