Maire Tecnimont she won a $450 million contract in India. The news gave wings to the stock on the stock exchange of the company, which gained 3,32% in mid-morning, to 2,68 euros.
The group specifies in a note that a consortium made up of the subsidiaries Tecnimont and Tecnimont Private Limited, based in Mumbai, was awarded a Lump Sum Epcc (Engineering, procurement, construction and commissioning) contract from Indian Oil Corporation Limited. The assignment involves the construction of a new paraxylene plant (located in Paradip, in the state of Odisha, in eastern India) and related infrastructure.
The work includes engineering activities, the supply of equipment and materials and construction activities up to plant start-up and performance trials. Once completed, the new plant will have a capacity of 800 tonnes per year.
“We are really happy that our relationship with an important player like Iocl continues to grow with another strategic contract, aimed at increasing the transformation capacity of the country's natural resources with the best available technologies, ensuring processes and products with maximum performance from environmental point of view – he commented Pier Roberto Folgiero, Chief Executive Officer of Maire Tecnimont – As India is gearing up for a major investment program in the downstream segment, in order to meet the rapidly growing domestic demand for plastics products, we are in a prime position to seize the new opportunities which will present themselves, thanks to our technological approach and the historical presence in the country with our engineering center Tecnimont Private Limited".
