Thyssenkrupp arm bags $75-mn EPC order from Indian Oil Baroda refinery

Mumbai: Thyssenkrupp Industrial Solutions India said on Thursday that it has bagged a USD 75-million EPC contract from oil major Indian Oil Corporation (IOC) to construct a catalytic dewaxing unit (CDWU) at its Baroda refinery in Gujarat. The proposed CDW unit will have an annual capacity of a 270-kilo tonne, a statement from the German company said.

The CDW is an important unit in the production of lube base oils, which has its applications in the manufacture of lubricants.

Thyssenkrupp said it will execute this project on an LSTK basis and the engineering of the unit will be based on the package received from Chevron Lummus Global, Rajesh Kamath, CEO & MD of Thyssenkrupp India's chemical plant business, said.

In the past, Thyssenkrupp has executed multiple refineries and petrochemical projects for IOC. Currently, it is also implementing IOC' n-butanol project on an EPC basis.

Thyssenkrupp Industrial Solutions India is a leading EPC and engineering consultancy offering solutions across petrochemical and refinery, fertilisers, Chlor-alkali, green chemicals, cryogenic storage etc, and executed over 850 projects in the last four decades.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)