India In-Focus: Jacobs Receives Outsourcing Contract
May 5, 2010 (FinancialWire) — Jacobs Engineering Group Inc. (NYSE: JEC) said that it has received a contract from Chennai Petroleum Corp Ltd. to provide project management consultancy and engineering, procurement, construction management services for the Resid Upgradation Project of CPCL at their Manali facilities in Chennai, India.
The project involves a delayed coker unit, a once through hydrocracker revamp, a sulfur recovery unit, a green field coke yard facility, and utilities, according to Jacobs.
company officials did not disclose the contract value. The total installed cost of the DCU is estimated by Jacobs to be at about U.S. $650 million.
Chennai Petroleum is a group company of Indian Oil Corp. Indian Oil is currently India's largest company by sales.
Jacobs' scope of work includes process packages for the utility and offsite facilities, a detailed feasibility report, PMC services for execution of coker block and sulfur block and EPCM services for the balance of the project.
California-based Jacobs is a provider of technical, professional, and construction services.
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