The consortium of Larsen & Toubro (L&T) and Japan-based Toyo Engineering Corporation has been awarded a large-scale turnkey contract, valued over Rs 2,600 crore from Indian Oil Corporation (IOC). The contract is for project management, engineering, procurement and construction of the naphtha cracker and associated units at IOC's petrochemical complex in Panipat, Haryana. IOCL will process naphtha from its Panipat, Mathura and Gujarat refineries to produce ethylene, propylene and benzene at this naphtha cracker. The technology for the cracker is licensed by IOCL from ABB Lummus of USA.
Toyo, the leader of the consortium, would undertake work for the cracker plant section on EPC basis, as well as overall project management, while the L&T would undertake work for the cracker heaters and associated units- C4 hydrogenation, pyrolysis gasoline hydrogenation, and benzene extraction units, also on EPC basis. The share of L&T's petrochemical business unit in the contract is Rs 900 crore,
30-May-06 
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