Infrastructure major Punj Lloyd today said it has bagged an order worth Rs 330 crore from Ministry of Petroleum and Natural Gas in Mangalore. The order is for the process facilities & utilities at an upcoming crude oil storage cavern which is scheduled to be completed within a period of 29 months.
This is the first cavern project for the Group and has been awarded by Indian Strategic Petroleum Reserves (ISPR), a wholly owned subsidiary of Oil Industry Development Board, Ministry of Petroleum and Natural Gas.
The scope of work for the project involves engineering, procurement, construction and commissioning of systems for crude oil receipt, pumping out, metering, recirculation, heating, waste water treatment, utilities production, flaring and operation buildings.
Punj Lloyd has constructed over 300 tanks globally, with over eight million cubic meter of storage capacity.
It is understood that the crude oil reserve near Mangalore will cater to the requirements of refineries of Mangalore Refineries and Petrochemicals Ltd (MRPL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL).
Punj Lloyd provides integrated design, engineering, procurement, construction and project management services in the energy and infrastructure sectors.
With operations spread across the Middle East, Africa, the Caspian, Asia Pacific and South Asia, Punj Lloyd provides EPC services in Oil & Gas, Process, Civil Infrastructure, and Thermal Power.