Refinery project bagged by Toyo Engineering
The wholly-owned subsidiary of Toyo Engineering Corporation (Toyo-Japan), Toyo Engineering India Private Ltd has bagged an EPC contract from IOCL for a new 2.5 million tpy vacuum distillation unit (VDU) planned by IOCL in Vadodara, Gujarat.
IOCL is currently planning to expand its existing refinery from 13.7 million tpy to 18 million tpy. The total investment in this expansion project is more than 300 billion yen. Toyo-India is currently implementing projects at the Paradip and Barauni refineries for IOCL.