Technip Energies Secures Large EPC Contract for HPCL's Mumbai Refinery
Technip Energies has been awarded a significant Engineering, Procurement, and Construction (EPC) contract by Hindustan Petroleum Corporation Limited. The deal is valued between €250 million and €500 million and involves the Lube Modernization and Bottom Upgradation project at HPCL's Mumbai Refinery. This win highlights Technip Energies' growing presence in India’s energy sector, particularly within refining projects. It also reflects ongoing investments by Indian state-owned oil companies to modernize infrastructure and improve efficiency amid rising domestic demand for refined products. The contract is expected to contribute meaningfully to the company's revenue over the coming years.
Topics: EPC contract refinery modernization