New Delhi: State-run Maharatna PSU Bharat Heavy Electricals Limited (BHEL) has said that it has bagged a major order for a Sulphur Recovery Unit from Indian Oil for its Paradip Refinery in a stiff international competitive bidding (ICB). "With this order, BHEL has made an entry into the downstream oil and gas process package business. The package, valued at over Rs 400 crore, envisages setting up a 525 TPD Sulphur Recovery Unit at IOC's Paradip Refinery in Odisha," BHEL said in an official statement on Tuesday.
"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 and gas sector," said the statement.
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 at Indian Oil's Paradip Refinery. The project is scheduled for completion in 25 months.
In addition to the thermal power sector, BHEL offers a broad range of products for major sectors of the Indian economy. With a focus on the growth of non-coal based business, the company offers comprehensive solutions for transportation, transmission, renewables, energy storage systems and emobility, water management, defence and aerospace, captive power generation and mechanical and electrical industrial products.