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.