Project News Details
Defence Modernization Projects
Government has taken measures to ensure the modernisation of Indian Defence Forces, to keep the Forces in a state of readiness to meet various operational and security challenges. This is achieved by inducting new equipment, technologically upgrading existing equipment and systems, training etc. The above referred modernisation projects are progressed as per approved Services Capital Acquisition Plan and Annual Acquisition Plans in terms of extant Defence Procurement Procedure.
During the last two years, 108 contracts involving Rs.112736.81 crore have been signed with Indian and foreign vendors for procurement of various equipment including aircraft, helicopters, missiles, frigates and radars. Government regularly monitors progress of ongoing procurement projects so as to ensure that these are concluded expeditiously.
This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Shri Dinesh Trivedi in Lok Sabha.
Punj Lloyd wins Haldia Refinery EPCC Package from IOC
Diversified global conglomerate, Punj Lloyd has announced receiving a lump-sum turnkey contract for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation Ltd (IOCL) for a value of Rs 1094 crore.
The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sou...
L&T Bags 1700 Cr. International EPC Order for 400 MW Gas Based Power Plant in Bangladesh
Larsen & Toubro (L&T) has received an order valued at around 1700 Crores from Marubeni Corporation, Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant Project of Bangladesh Power Development Board (BPDB).
BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to L&T on turnkey basis. This plant will be located at Nabiganj Upzila in H...
IOC Planning Petrochemical Plant in Iran
As per the reports in the media, Indian Oil Corp. (IOC) is planning to build USD 3 billion petrochemicals plant in Iran which will have access to cheap natural gas as its feedstock.
India is planning investments in energy infrastructure in Iran. This includes ports and upstream gas production.
IOC is looking at petrochemicals to drive growth. The company is planning an investment of around USD 4.5 billion in coming years to expand its business.