TechnipFMC* (Paris:FTI) (NYSE:FTI) (ISIN:GB00BDSFG982), in consortium
with L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of
Larsen & Toubro Limited, has been awarded by Hindustan Urvarak and
Rasayan Limited (HURL) - a Joint Venture Company of three Indian Public
Sector Companies, IOCL, NTPC and CIL - major Engineering, Procurement,
Construction and Commissioning (EPCC) contracts for two
state-of-the-art, natural gas based fertilizer complexes in Eastern
India. The two fertilizer plants, located at Barauni in the state of
Bihar and in Sindri in the state of Jharkhand, are each capable of
producing 2200 TPD** ammonia and 3850 TPD urea.
Both projects are executed on EPCC Lump Sum Turn Key (LSTK) basis and
shall be carried out concurrently. The Consortium, under the leadership
of TechnipFMC, is responsible for licensing, basic engineering, detailed
engineering, construction and commissioning of the two complexes within
a period of 36 months.
Nello Uccelletti, President of Onshore/Offshore business at TechnipFMC,
said: “We are honored to be entrusted the execution of these
prestigious projects in consortium with LTHE which demonstrates our
long-term commitment to India and strengthens our leadership in
executing challenging projects in fertilizers, refinery and
petrochemical sectors. The project is of great national importance to
India to address the demand of Urea in domestic market and thereby,
boosting the economic growth of the country”.
*France and India operating centers of TechnipFMC will work
closely with HURL on this project
*TPD - Tonnes Per
Day
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section
27A of the United States Securities Act of 1933, as amended, and Section
21E of the United States Securities Exchange Act of 1934, as amended.
The words “estimated”, “aimed”, “scheduled” and similar expressions are
intended to identify forward-looking statements, which are generally not
historical in nature. Such forward-looking statements involve
significant risks, uncertainties and assumptions that could cause actual
results to differ materially from our historical experience and our
present expectations or projections. Known material factors that could
cause our actual results to differ from those in the forward-looking
statements include the Company's ability to successfully deliver, and
HURL’s acceptance of, the products ordered. For additional information
regarding known material factors that could cause actual results to
differ from projected results, please see our risk factors set forth in
our filings with the United States Securities and Exchange Commission,
which include our Registration Statement on Form S-4, Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form
8-K.
We caution you not to place undue reliance on any forward-looking
statements, which speak only as of the date hereof. We undertake no
obligation to publicly update or revise any of our forward-looking
statements after the date they are made, whether as a result of new
information, future events or otherwise, except to the extent required
by law.
About HURL
Hindustan Urvarak & Rasayan Limited (HURL) is a joint venture company by
three strong Indian Public companies namely, Indian Oil Corporation
Limited (IOCL), Coal India Limited (CIL) and NTPC Limited (NTPC) as the
lead promoters with Fertilizer Corporation of India Limited (FCIL) and
Hindustan Fertilizer Corporation Limited (HFCL) as other two partners.
About Larsen & Toubro
Larsen & Toubro is a USD 17 Billion technology, engineering and
construction group, with global operations. It is one of the largest and
most respected companies in India’s private sector.
L&T, through its 100% owned subsidiary LTHE, undertakes turnkey
construction of fertilizer, refinery and petrochemical plants;
cross-country pipelines and oil & gas terminals covering civil,
structural, piping equipment, heavy lifts, electrical and
instrumentation work.
About TechnipFMC
TechnipFMC is a global leader in subsea, onshore/offshore, and surface
projects. With our proprietary technologies and production systems,
integrated expertise, and comprehensive solutions, we are transforming
our clients’ project economics.
We are uniquely positioned to deliver greater efficiency across project
lifecycles from concept to project delivery and beyond. Through
innovative technologies and improved efficiencies, our offering unlocks
new possibilities for our clients in developing their oil and gas
resources.
Each of our more than 37,000 employees is driven by a steady commitment
to clients and a culture of purposeful innovation, challenging industry
conventions, and rethinking how the best results are achieved.
To learn more about us and how we are enhancing the performance of
the world’s energy industry, go to TechnipFMC.com and follow us on
Twitter @TechnipFMC.
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