Toyo Engineering India Private Limited (Toyo-India, Managing Director Yukihiro Akimoto), a wholly owned subsidiary of Toyo Engineering Corporation (Toyo-Japan), has been awarded a contract by Indian Oil Corporation Limited (IOCL) for the Engineering, Procurement, Construction and Commissioning (EPCC) of a 3.6 MMTPA Vacuum Gas Oil Hydrotreater (VGO-HDT) Unit at Panipat in the state of Haryana in India.
IOCL is a largest Public Sector Undertaking governed by the Ministry of Petroleum and Natural Gas (Govt. of India) , and plans to expand its existing refinery from 15 MMTPA to 25 MMTPA. The total investment in this expansion project is over 400 billion yen. This VGO-HDT is scheduled to be completed in the second half of 2024.
Toyo-India is currently implementing projects at the Paradip and Barauni Refineries for IOCL. In India, which has a vast population and huge middle-class population strata that continues to grow, TOYO is committed to contributing to the economic development of the country.
Contract Summary
| Client | Indian Oil Corporation Limited (IOCL) |
|---|---|
| Contractor | Toyo Engineering India Private Limited |
| Project Site | Panipat, Haryana, India |
| Facility | Vacuum Gas Oil Hydrotreater Unit (3.6 MMTPA) |
| Scope | Engineering, Procurement, Construction and Commissioning (on a turnkey basis) |
| Scheduled Completion | The second half of FY 2024 |
IOCL Panipat Refinery
