Contracting Projects

Tecnimont SpA and Tecnimont ICB Pvt Ltd have been awarded two prestigious contracts. Maire Tecnimont SpA’s main operating company, Tecnimont SpA and its fully owned subsidiary Tecnimont ICB Pvt Ltd (TICB) of India have been awarded two EPC contracts on a lumpsum turnkey basis for the realisation of polyolefin plants for PE and PP in Dahej, Gujarat State, India. The client, ONGC Petro additions Ltd (OPaL), is the result of a joint venture promoted by Oil and Natural Gas Corporation (ONGC) along with other co-promoters, ie, the Gujarat State Petroleum Corporation (GSPC) and Gas Authority of India Limited (GAIL).Contract detailsThe two contracts have a total value of about USD 440 million and cover the implementation of a polypropylene plant of 340 Kty capacity and two HD/LLD swing polyethylene plants of 360 Kty capacity each. The award followed the international competitive bidding process, in which many major EPC contractors had participated. The Ineos’ Innovene PP process will be used for the polypropylene plant and the Ineos Innovene G process will be used for the two LL/HD Swing PE plants.These awards represent an important milestone for Maire Tecnimont, which consolidates its presence in the Indian EPC contract as well as its role as one of the market leaders in the petrochemical projects segment.Group presence in India Tecnimont’s commitment to India goes back to the 1930s, with the realisation of the first nitric acid plant in the country. In the last five decades, the group has completed more than 20 fertiliser plants and 40 process units in India. Today, the fully-controlled group’s company, TICB, is amongst the lar-gest engineering and construction companies in the country. It has the capability and experience to supply plants on a lumpsum turnkey basis in addition to providing EPC services to group companies for projects worldwide. TICB maintains a highly qualified and experienced staff of about 2,000 employees (engineers and specialised technicians).Maire Tecnimont SpAMaire Tecnimont SpA is the parent company of an engineering and construction international industrial group, which operates in three sectors: oil, gas and petrochemicals, power, infrastructure and civil engineering. The group, quoted on the Milan Bourse, is present in over 30 countries, controls over 50 operating companies and, can rely on a workforce of about 5,200 employees, of which more than half are located internationally. As of December 31, 2010, the group reported revenues of €2,536 million and a net income, after minorities, of €62 million.