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hpcl: L&T slated to win orders worth Rs 13,000 crore from HPCL JV: Sources

Synopsis HPCL Rajasthan Refinery, a joint venture between state run-Hindustan Petroleum Corporation (HPCL) and the government of Rajasthan, which is setting up a 9 million ton per annum refinery-cum-petro chemical complex in the Barmer district of Rajasthan. The order may be officially awarded to L&T within a month. Mumbai: Larsen & Toubro is slated to win orders worth Rs 13,000 crore after the company emerged the best bidder for two tenders floated by HPCL Rajasthan Refinery, two sources told ET. HPCL Rajasthan Refinery, a joint venture between state run-Hindustan Petroleum Corporation (HPCL) and the government of Rajasthan, which is setting up a 9 million ton per annum refinery-cum-petro chemical complex in the Barmer district of Rajasthan. The order may be officially awarded to L&T within a month.

L&T emerges lowest bidder for HPCL s Rs 13,000-crore refinery projects in Rajasthan

L&T emerges lowest bidder for HPCL s Rs 13,000-crore refinery projects in Rajasthan
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L&T Hydrocarbon lowest bidder for HPCL Rajasthan Refinery

L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro, has emerged as the lowest bidder for HPCL Rajasthan Refinery Ltd s two engineering, procurement, construction and commissioning (EPCC) packages, coming up at Barmer in Rajasthan, according to sources. HRRL opened the financial bids submitted by the 2 bidders (Petrofac and L&T Heavy Engineering) for Petro FCC Package and 3 bidders (Tecnimont+JGC, Petrofac and LTHE) for DFCU Package in December 2020. The combined value for both the packages will be around Rs 13,000 crore. Petrofac s bid got disqualified for both the packages. HRRL is a joint venture between Hindustan Petroleum Corporation (HPCL) and government of Rajasthan with an equity participation of 74 per cent and 26 per cent, respectively.

L&T set to win ₹13,000 crore order from HPCL Rajasthan Refinery

L&T set to win ₹13,000 crore order from HPCL Rajasthan Refinery December 17, 2020   L&T has emerged as the lowest bidder for HPCL Rajasthan Refinery’s (HRRL) two projects estimated worth ₹13,000 crore. L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of L&T, is set to win the two projects which include HRRL’s Petro FCC and Dual Feed Cracker projects, coming up at Barmer in Rajasthan, according to sources with knowledge of the bid. HRRL is a joint venture between Hindustan Petroleum Corporation (HPCL) and the Government of Rajasthan, with an equity participation of 74 per cent and 26 per cent respectively. HRRL opened the financial bids submitted by the two bidders (Petrofac and L&T Heavy Engineering) for Petro FCC (EPCC-03) Package and three bidders (Tecnimont +JGC, Petrofac and LTHE) for DFCU (EPCC-07) Package in December 2020. The combined value for both the packages will be around ₹13,000 crore, said a source.

$2 9 Billion Worldwide Thermic Fluids Industry to 2027 – Impact of COVID-19 on the Market – ResearchAndMarkets com

ResearchAndMarkets.com’s offering. The publisher brings years of research experience to the 6th edition of this report. The 196-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Global Thermic Fluids Market to Reach $4.1 Billion by 2027 Amid the COVID-19 crisis, the global market for Thermic Fluids estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Silicone and Aromatic Based Thermic Fluid, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$1.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mineral Oils Based Thermic Fluid segment is readjusted to a revised 5.3% CAGR for the

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