Larsen & Toubro (L&T) has bagged a large onshore project from IndianOil Adani Ventures Ltd (IOAVL) for its hydrocarbon business. The project involves engineering, procurement, construction, and commissioning of offsite tankages, bullets and other associated facilities on lump sum turnkey basis.
L&T’s Hydrocarbon Business
L&T’s hydrocarbon business, also known as L&T Energy Hydrocarbon (LTEH), offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers. It has over three decades of experience in executing complex projects in offshore, onshore EPC, modular fabrication, advanced value engineering & technology (AdVENT), and offshore wind farm segments. LTEH has been setting global benchmarks in project management, corporate governance, quality, health safety environment (HSE) and operational excellence.
IOAVL’s Terminalling Services
IOAVL is a joint venture between Indian Oil Corporation (IOC) and Adani Ports and SEZ (APSEZ). It provides infrastructure-led terminalling services to petroleum, petrochemical and chemical companies. IOAVL was formerly known as Indian Oiltanking Ltd. IOAVL operates terminals at various locations in India, such as Mundra, Pipavav, Dahej, Dhamra and Ennore.
Project Details
The project awarded to L&T is part of IOAVL’s expansion plan to increase its storage capacity and handling capabilities. The project site is located at Mundra port in Gujarat. The scope of work includes engineering, procurement, construction, and commissioning of offsite tankages, bullets and other associated facilities on lump sum turnkey basis. The project is expected to be completed in 36 months.
Project Significance
The project is significant for both L&T and IOAVL as it will enhance their presence and competitiveness in the hydrocarbon sector. For L&T, the project will add to its portfolio of large onshore projects in India and abroad. For IOAVL, the project will boost its terminalling services and cater to the growing demand for petroleum products in the country.