BGR Energies Secures Rs. 330 Cr. Orders from IOCL

December 12, 2022December 16, 2022Expansion, Indian Oil, Orders, Refinery

Chennai-headquartered BGR Energy stated in a stock filing dated 12th December 2022 that it has secured orders cumulatively worth Rs. 330 crore from Indian Oil Corporation Ltd. (IOCL or IndianOil).

Scope of these orders entails civil and structural works at IndianOil’s Panipat refinery. IOCL has been expanding the capacity of its Panipat refinery under its P-25 project, which targets a refining capacity of 25 Million Metric Tonnes Per Annum (MMTPA) from the current 15 MMTPA.

The contract completion period for BGR Energy’s order is 18 months.

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