Bharat Heavy Electricals Ltd (BHEL), thanks to an order from Indian Oil Corporation, has entered the downstream oil & gas process package business.
In a release, BHEL said that it has won an order valued at over Rs.400 crore to set up a 525 tpd (tonnes per day) sulphur recovery unit at Indian Oil Corporation’s Paradip petroleum refinery in Odisha. The order was won in an international competitive bidding process, BHEL said.
BHEL’s scope in the contract includes project management, residual process design, detailed engineering, procurement, manufacturing, supply, testing, erection, construction, commissioning and performance guarantee test run of the 525 tpd Sulphur Recovery Unit. The project is scheduled for completion in 25 months.
“Notably, the company’s diversification strategy into non-coal based business areas has begun paying dividends and this is a milestone order for BHEL as part of its new growth areas initiative. With the execution of this order, BHEL will establish itself as an LSTK player for process packages in the downstream oil & gas sector,” the BHEL release said.
[Note: T&D India does not cover the oil & gas sector. This news item is being carried as it concerns BHEL—a leading player in the electrical equipment and power T&D space.]
