Three bid for Haldia diesel hydrotreater

Vol 20, PW 16 (04 May 17) News in Brief

Larsen & Toubro, Technip and China's Hualu Engineering & Technology are the three companies in the race to set up IndianOil's 1.2m t/y facility to remove sulphur from diesel at its 7.5m t/y Haldia refinery.

These three sent in bids by the extended April 25 deadline in the estimated Rs400cr ($62m) tender. Sources add Punj Lloyd and Heurtey Petrochem were not shortlisted despite showing interest.

This could not be confirmed but a Heurtey source did verify that it did not bid, without giving further details. Tender documents were sold from February 6 to April 24.

Meanwhile, IOC's project consultant Toyo Engineering is expected to invite offers in the next few months to set up a Rs3000cr ($467m) Mono Ethylene Glycol (MEG) unit at its new 15m t/y Paradip refinery in Orissa. IOC's board gave its financial approval last month (April).

"Initially, there were doubts about the project's viability but I now hear the board has approved it," says a source. Toyo prepared a DFR which was approved by the IOC board and is now preparing the FEED before issuing EPC tenders.