New Delhi, Mar 31 (UNI) Larsen&Toubro Ltd (L&T) today said it has been awarded Rs 576 crore order by Hindustan Petroleum Corporation Ltd (HPCL).
HPCL has awarded L&T a large project order of 200,000 Tonnes per annum Lube Oil Base Stock (LOBS) Plant, said a statement.
This will enable HPCL to produce high quality Group II and III Lube Oils, which are higher value-added petroleum products.
HPCL, which operates one of its biggest refineries located at Mahul, Mumbai, intends to set up this LOBS Plant as a part of their Quality Upgradation project and have awarded the order on Lumpsum Turnkey (LSTK) basis to L&T.
Jacobs Engineering India Pvt Ltd has been retained by HPCL to provide services for Project Management Consultancy (PMC) and ExxonMobil Research and Engineering (USA) is the process licensor.
The order was bagged by L&T's E&C Division's Refinery Projects Business Unit.
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