Mumbai: Engineering and construction major Larsen and Toubro said it has bagged a Rs693 crore contract from Indian Oil Corporation (IOC) for supplying recovery units for the sulphur plant to be set up by the state-run refiner.
As per the contract, L&T would supply 300 tonnes per day of sulphur recovery units along with other facilities for enhanced recovery of up to 99.9%. This would enable IOC in the production of low sulphur clean fuel to meet regulatory requirements.
IOC, which operates one of its biggest refineries located at Koyali, Gujarat, would set up these plants as part of their fuel upgradation project, the company informed the BSE.
The order comprises residual process design, engineering procurement, supply, transportation, storage and others for the said project. Toyo Engineering India would provide services for Project Management Consultancy (PMC) and Black and Veatch (USA) are the process licensors for the above project.