Technip Energies Gets Contract From Indian Oil Corp. For Refinery Upgrade
April 07 2021 - 2:07AM
Dow Jones News
By Olivia Bugault
Technip Energies said Wednesday that it has won a contract from
Indian Oil Corp. for upgrading a refinery in Barauni, in Eastern
India.
Under the engineering, procurement, construction and
commissioning contract, Technip Energies will install a
once-through hydrocracker unit, known as OHCU, of one million
metric tons per annum capacity and a fuel-gas treatment unit, the
engineering-and-technology company said.
Though the company didn't disclose the exact value of the deal,
it said that it is a "significant" contract which means it is worth
between 50 million euros and 250 million euros ($59.4 million -
$296.8 million), according to Technip Energies.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
April 07, 2021 01:52 ET (05:52 GMT)
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