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Mumbai, July 10: Construction and Engineering leader, Larsen&Toubro Ltd (L&T) has announced that it has been awarded a Rs 542 crore order by Indian Oil Corporation Ltd (IOCL).

The order is for the Motor Spirit Quality (MSQ) Upgradation Unit, comprising a Light Naptha Hydrotreating unit, Isomerisation unit, Reformer Splitter and associated utilities and offside facilities (EPCC-1), to meet the Euro IV norms. The unit is located at IOCL's refinery in Panipat at Haryana, India, L&T said in a disclosure to the Bombay Stock Exchange (BSE).

IOCL intends to operate this MS Quality Upgradation Unit and necessary Utilities and Offside as part of their Fuels Upgradation project. Jacobs H&G Pvt Ltd (JH&G) have been retained by IOCL to provide services for Project Management Consultancy (PMC) and Front End Engineering Design (FEED).

The order L&T has bagged comprises the Residual Process Design, Detailed Engineering, Procurement, Supply, Transportation, Storage, Fabrication, Inspection, Construction, Installation, Testing, Mechanical Completion, Pre-Commissioning, Commissioning, and Performance Guarantee Test Runs for the said Project.

The order was bagged by the Company against keen competition from internationally reputed EPC contractors, on the strength of its track record in meeting refinery project quality requirements and conforming to stringent delivery schedules, the company statement added.

UNI