Engineers India Limited (EIL) has announced that it has been awarded a significant project management consultancy (PMC) contract by Hindustan Petroleum Corporation Limited (HPCL). The contract, worth approximately ₹222 crore, is for providing PMC services for HPCL’s Lube Modernization and Bottoms Upgradation (LMBU) project at its Mumbai facility.
Project Details:
- Project Name: Lube Modernization and Bottoms Upgradation (LMBU)
- Awarding Entity: Hindustan Petroleum Corporation Limited (HPCL)
- Location: Mumbai, Maharashtra
- Contract Value: ₹222 crore
- Project Duration: 36 months
- Scope: Providing project management consultancy services to support the modernization and upgrading of HPCL’s lube production infrastructure and improving the processing of bottom-of-the-barrel crude.
The modernization aims to enhance HPCL’s production capacity, operational efficiency, and product quality, aligning with its vision of technological advancement in refining and downstream operations.
Management Commentary:
EIL expressed confidence that this project will further consolidate its position as a leading PMC provider in India’s oil and gas sector. With decades of experience in executing large-scale refinery projects, EIL is set to deploy its expertise in engineering, design, and management to ensure timely project completion.
Strategic Importance:
The LMBU project plays a crucial role in addressing the growing demand for refined lubricants and supporting the energy needs of key industries. The modernization of HPCL’s facility will also enable the production of cleaner and higher-grade lubricants, contributing to India’s sustainability and energy efficiency goals.
This new contract is expected to boost EIL’s order book and earnings visibility over the next three years, further enhancing its strategic growth prospects in the domestic market.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always conduct your research or consult a financial advisor before making investment decisions.
