BHEL bags IOCL’s Sulphur Recovery Unit order

Against stiff international competitive bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged a major order for a Sulphur Recovery Unit from IOCL.

Significantly, with this order, BHEL has made an entry into the downstream oil & gas process package business. The package, valued at over Rs 400 Crore, envisages setting up a 525 TPD Sulphur Recovery Unit at IOCL’s Paradip Refinery in Odisha

Notably, the company’s diversification strategy into non-coal based business areas has begun paying dividends and this is a milestone order for BHEL as part of its new growth areas initiative. With the execution of this order, BHEL will establish itself as an LSTK player for process packages in the downstream oil & gas sector.